« previous next »

Author Question: The economic system characterized by private ownership of resources and market is: a. capitalism. ... (Read 139 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?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

The protonephridial filtration system of flatworms. The protonephridial filtration system of flatworms.
The male reproductive system, sagittal section showing the organs of the system and their relation t The male reproductive system, sagittal section showing the organs of the system and their relation t
Digestive System Digestive System
Economic and Social Development Economic and Social Development
Metallic Resources in the World Metallic Resources in the World
economic question economic question
Video: Forming urine ( influencing factors), Forming dilute urine & Forming concentrated urine

For a complete list of videos, visit our video library