Select the factors that best contribute to labor and big business interests:
a. Protected markets and a labor force incapable of moving to gain better wages.
b. Open markets and a labor force incapable of moving to gain better wages.
c. Labor and capital movement from place to place, and from industry to industry.
d. Protected markets and a labor force free to move from place to place.
Ans: c
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Indicate whether this statement is true or false.
Which of the following best describes the term capitalism?
A. It is a set of political beliefs that include the advocacy of active government. B. It is a concept that holds, at a minimum, that all people are entitled to equal protection under the law. C. It is an economic system based on the private ownership ofwealth-producingproperty. D. It is a more popular term for the set of political beliefs known as liberalism. E. It is an intrinsic property which measures the disregard for material possessions.