« previous next »

Author Question: The economic system characterized by private ownership of resources and market is: a. capitalism. ... (Read 122 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?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

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

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Anatomical Charts Muscular System Anatomical Charts Muscular System
The gastrointestinal system. The gastrointestinal system.
Bod Pod: Body Composition Tracking System Bod Pod: Body Composition Tracking System
The Nervous System and Homeostasis The Nervous System and Homeostasis
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
The central nervous system is composed of the brain and the spinal cord The central nervous system is composed of the brain and the spinal cord
Video: Cardiac conductile cells

For a complete list of videos, visit our video library