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Author Question: More than 130 years ago, Karl Marx hypothesized that free enterprise would result in some firms ... (Read 64 times)

Awilson837

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on: Jul 2, 2018
More than 130 years ago, Karl Marx hypothesized that free enterprise would result in some firms becoming bigger and bigger as they eliminate their opposition or absorb smaller competing firms,
 
  resulting in the existence of _____ in each of the various sectors of the economy.
   a. companies
  b. monopolies
  c. regulation
  d. market coverage

Question 2

The major discrepency between capitalism in its ideal form and capitalism as it is practiced in the United States is
 
  a. huge corporations dominate the economy by controlling demand, rather than responding to the demands of the market.
  b. huge corporations dominate the economy by responding to market demands without government intervention.
  c. laissez-faire government policies allow huge corporations to fail, putting white-collar employees out of work.
  d. laissez-faire government policies have been replaced by tight government regulation of business in the wake of the 2008 economic crash.


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pikon

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Reply #1 on: Jul 2, 2018
Answer to Question 1

Answer: b. monopolies

Answer to Question 2

Answer: a. huge corporations dominate the economy by controlling demand, rather than responding to the demands of the market.


Awilson837

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Reply 2 on: Jul 2, 2018
YES! Correct, THANKS for helping me on my review

irishcancer18

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Reply 3 on: Yesterday
Excellent

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