Which if the following is a key difference between profit-oriented institutions (such as small businesses) and non-profit institutions (such as governments, hospitals, or schools)? Profit-oriented institutions
A) are usually competitive rather than cooperative.
B) have a recognized residual claimant.
C) pursue private interests rather than the public interest.
D) rely on monetary incentives to secure the cooperation required for their functioning.
E) work through market processes.
B
Economics
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In order to explain the relative sizes of families in urban versus rural environments, some economists viewed children as investment or durable consumptions goods, respectively
Indicate whether the statement is true or false
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When you purchase Gap clothing and baseball tickets
A) you are buying consumption goods. B) you are buying capital goods. C) you are consuming intermediate goods. D) you are buying physical capital.
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