Multiple Choice
Karl Marx argued that
A) technological change was not important in improving living standards.
B) a free-market system would produce a low level of total output.
C) benevolence,not self-interest,produced an effective economic order.
D) centrally planned economies could provide a more equitable distribution of total output than capitalist economies.
E) the unfettered market system driven by self-interest leads to the best social outcome.
Correct Answer:

Verified
Correct Answer:
Verified
Q54: The world price of oil fell in
Q55: On a diagram of a production possibilities
Q56: Consider Canada's production possibilities boundary.Suppose a scientific
Q57: In practice,the term "centrally planned economy" refers
Q58: Consider Canada's production possibilities boundary.During the nineteenth
Q60: Complex economic plans for many economic sectors
Q61: Which of the following best describes the
Q62: If a country's production possibilities boundary is
Q63: Suppose a bakeshop with 5 employees can
Q64: In traditional economies,economic behaviour is<br>A)largely determined by