« previous next »

Author Question: The economic system characterized by private ownership of resources and market is: a. capitalism. ... (Read 123 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?

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 most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Structures of the endocrine system. Structures of the endocrine system.
Organs of the urinary system. This illustration is an anterior view of a female with the abdominal w Organs of the urinary system. This illustration is an anterior view of a female with the abdominal w
Part A - Overview of the vertebrate nervous system Part A - Overview of the vertebrate nervous system
Economic value (Dollars per Hectare) of sustainable ecosystems Economic value (Dollars per Hectare) of sustainable ecosystems
A Comparison of Economic Systems A Comparison of Economic Systems
economic question economic question
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library