Multiple Choice
Karl Marx argued that
A) centrally planned economies could provide a more equitable distribution of total output than capitalist economies.
B) benevolence, not self- interest, produced an effective economic order.
C) technological change was not important in improving living standards.
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: The concept of scarcity in economics usually
Q53: The barter system of exchange is inefficient
Q54: Which of the following statements best describes
Q56: In command economies, economic behaviour is<br>A)largely affected
Q58: Suppose Andrea has a job that pays
Q59: A barter system of exchange<br>A)requires the use
Q60: Suppose that one unit of labour can
Q61: Which of the following has most contributed
Q62: The use of money for transactions<br>A)makes specialization
Q65: In a pure market economy,the role of