FIGURE 1- 1 with a Budget of $200 Million,the Government Can Choose to Can

Multiple Choice

FIGURE 1- 1
With a budget of $200 million,the government can choose to purchase 4 helicopters or repair 200 km of highway.

-Karl Marx argued that

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