A classless society and economic system where all the factors of production are owned by workers and people share production according to their needs describes:

Refer to Table 2-14. If the two countries specialize and trade, who should export motorcycles?

A) There is no basis for trade between the two countries. B) They should both be importing motorcycles. C) Scotland D) Ireland

The motive that drives firms to enter or exit an industry is

A) opportunity costs. B) diseconomies of scale. C) economic profit. D) accounting costs.