Author Question: Roundabout production occurs when a. entrepreneurs hire others to work for them, rather than taking ... (Read 37 times)

madam-professor · **on:** Jun 30, 2018

Roundabout production occurs when
a. entrepreneurs hire others to work for them, rather than taking the time to produce things themselves
b. workers avoid intermediary entrepreneurs and cooperate to produce output themselves
c. inefficient technology is used
d. producers make capital goods instead of consumption goods
e. a company takes time to market shares in the company

Question 2

Which of the following is not an argument in favor of restricting trade?
a. to preserve national security
b. to prevent dumping
c. to increase consumer surplus
d. to protect infant industries
e. to protect declining industries