« previous next »

Author Question: The economic system characterized by private ownership of resources and market is: a. capitalism. ... (Read 130 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
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

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

pane00

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 30, 2018
Thank you


carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

The circulatory system plays a central role in thermoregulation by the moth, Manduca sexta The circulatory system plays a central role in thermoregulation by the moth, Manduca sexta
Some of the pathways of the auditory system that lead from one ear to the cortex. Some of the pathways of the auditory system that lead from one ear to the cortex.
The NFPA 704 marking system. This voluntary marking system is displayed at participating facilities ... The NFPA 704 marking system. This voluntary marking system is displayed at participating facilities ...
economic question economic question
Ontario's electricity system four key components Ontario's electricity system four key components
Human Lungs (Respiratory System) Human Lungs (Respiratory System)
Video: Polymerase chain reaction PCR - Animation

For a complete list of videos, visit our video library