This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: _____ is contrary to a laissez-faire economic system. a. Active government intervention in all ... (Read 41 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
_____ is contrary to a laissez-faire economic system.
 a. Active government intervention in all economic decisions
  b. Reliance on prices to adjust to changing market conditions
  c. The theory put forward by classical economics
 d. The theory introduced by neoclassical economics
 e. The market acting as an invisible hand

Question 2

If a firm hires labor for 20,000, pays rent of 12,000, buys raw materials for 6,000 from another firm, earns profits of 3,000, and sells its output for 41,000, the value added by the firm is _____.
 a. 0
 b. 15,000
  c. 35,000
  d. 38,000
  e. 41,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ErinKing

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


sdfghj

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

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?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Cellular locations of pattern recognition molecules of the innate immune system Cellular locations of pattern recognition molecules of the innate immune system
Nursing intervention classification 2 Nursing intervention classification 2
Components of the nervous system. Components of the nervous system.
Procedures and Diagnostic Tests Related to the Female Reproductive System Procedures and Diagnostic Tests Related to the Female Reproductive System
Intervention for Troubled Teens Intervention for Troubled Teens
Contributions to political parties , by economic sector 2020 Contributions to political parties , by economic sector 2020
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library