According to socialists, government regulations tend to be weak under capitalism for all of the following reasons EXCEPT:
a) Under capitalism, government agencies tend to be staffed by people who go back and forth between private industry and regulatory agencies.
b) Under capitalism, regulatory agencies are susceptible to the political power of those with money.
c) Under capitalism, corporations can minimize the impact of regulation by threatening a capital strike.
d) Under capitalism, government agencies are legally prohibited from interfering with the free market
d
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Who is given extensive powers to govern a home-rule city?
A) The governor B) The city C) The county D) Home-rule special districts E) The local Board of Governors
What is the lesson of Brynjolfsson et al.'s Instagram example?
a. Labor and capital can be managed much more efficiently in the new digital economy. b. It is no longer important to sell an actual manufactured product. c. Capital has moved out of manufacturing and into the digital age. d. The moneymakers of the new age can make billions without a large amount of capital or employing a large amount of people.