Question 1

Karl Marx said all of the following,except that

Accepted Answer

A) in the long run,capitalism would collapse. 
B) capitalists and workers generally had the same economic interests. 
C) one's social consciousness was determined by one's relationship to the means of production. 
D) whomever controlled a society's capital controlled that society. 
A) in the long run,capitalism would collapse. 
B) capitalists and workers generally had the same economic interests. 
C) one's social consciousness was determined by one's relationship to the means of production. 
D) whomever controlled a society's capital controlled that society.

Question 2

Which of the following statements is false?

Accepted Answer

A) One of the basic principles capitalism is based on is to "trust no one." 
B) To have real competition in a market economy no one business should be able to have any influence over price. 
C) A basic trade-off exists between the goals of equity and efficiency for a society. 
D) The forces of supply and demand will NOT automatically lead to an equitable distribution of income. 
A) One of the basic principles capitalism is based on is to "trust no one." 
B) To have real competition in a market economy no one business should be able to have any influence over price. 
C) A basic trade-off exists between the goals of equity and efficiency for a society. 
D) The forces of supply and demand will NOT automatically lead to an equitable distribution of income.

Karl Marx said all of the following,except that

Which of the following statements is false?

A Brief Economic History of the United States

Resource Utilization

Supply and Demand

The Household Consumption Sector

The Business Investment Sector

The Government Sector

The Export-Import Sector

Gross Domestic Product

Economic Fluctuations, unemployment, and Inflation

Classical and Keynesian Economics

Fiscal Policy and the National Debt

Money and Banking

The Federal Reserve and Monetary Policy

A Century of Economic Theory

Economic Growth and Productivity

Income Distribution and Poverty

International Trade

International Finance

Filters

Exam 3: The Mixed Economy

Karl Marx said all of the following,except that

Which of the following statements is false?

A Brief Economic History of the United States

Resource Utilization

Supply and Demand

The Household Consumption Sector

The Business Investment Sector

The Government Sector

The Export-Import Sector

Gross Domestic Product

Economic Fluctuations, unemployment, and Inflation

Classical and Keynesian Economics

Fiscal Policy and the National Debt

Money and Banking

The Federal Reserve and Monetary Policy

A Century of Economic Theory

Economic Growth and Productivity

Income Distribution and Poverty

International Trade

International Finance

Filters