Author Question: A classless society and economic system where all the factors of production are owned by workers and ... (Read 325 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
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:
 a. capitalism. b. communism.
  c. the invisible hand. d. a mixed economy.

Question 2

Within the framework of the Keynesian Cross model, if an economy is operating at a real GDP less than full-employment real GDP:
 a. a recessionary gap exists
  b. an inflationary gap exists
  c. aggregate expenditures will rise
  d. the general level of prices will rise



jamesnevil303

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

b

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

For a complete list of videos, visit our video library