With capitalism, which of the following do market forces reward?
a. productivity and government ownership of resources
b. underutilization and government ownership of resources
c. productivity and private ownership of resources
d. underutilization and private ownership of resources
Ans: c. productivity and private ownership of resources
Economics
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Which of the following contributed to the clear advancement of the automobile and steel industries?
(a) Oligopoly behavior (b) Voluntary export restrictions (c) Quotas set for the number of foreign products entering the U.S. (d) Dynamic entrepreneurialism
Economics
Brand loyalty in monopolistically competitive markets manifests itself as
A) upward sloping marginal cost curves. B) downward sloping demand curves. C) downward sloping marginal cost curves. D) upward sloping demand curves.
Economics