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Author Question: The economic system characterized by private ownership of resources and market is: a. capitalism. ... (Read 70 times)

pane00

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on: Jun 30, 2018
The economic system characterized by private ownership of resources and market is:
 a. capitalism. b. communism.
  c. fascism. d. socialism.

Question 2

Suppose that John Maestro, the owner of a tennis shop in Evanston, Illinois, decides to purchase a new machine that restrings tennis rackets in half the time it formerly took. The new technology costs 1,000 . and the MPC is 0.80 . How much real GDP will be generated from John's 1,000 initial investment?
 a. 200
  b. 500
  c. 1,000
  d. 2,000
  e. 5,000


carlsona147

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


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pane00

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Reply #2 on: Jun 30, 2018
Thank you


carlsona147

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Reply #3 on: Jun 30, 2018
No problemo


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