According to Max Weber, the Protestant world view that encouraged hard work and saving was crucial to industrialization and the development of capitalism. Which hypothesis is this view based on?

If the technology for producing a good enables one firm to meet the entire market demand at a lower average total cost than two or more firms could, then that firm has

A) patented the market. B) a natural monopoly. C) increasing average total costs. D) a legal barrier to entry. E) a discriminatory monopoly.

If we included the purchases of used goods in GDP,

a. we would be overestimating GDP b. we would be underestimating GDP c. we would be accurately measuring GDP d. the effect on GDP would vary depending on what year the goods were sold new e. we could offset any measurement problems by also including purchases of stocks and bonds