Multiple Choice
Some critics of capitalism argue that
A) There is too much government intervention in the economy
B) Involuntary trade generates no wealth
C) If one person makes money,someone else must be losing it
D) Voluntary trade ensures gains for both consumers and producers
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A consumer values a car at $525,000
Q3: A consumer values a car at $525,000
Q5: Social forces:<br>A)affect the price mechanism through cultural
Q8: If you are willing to sell your
Q8: A consumer values a car at $30,000
Q11: If you are willing to purchase a
Q12: Wealth creating transactions are less likely to
Q35: Total surplus or gains created from trade
Q37: An example of price floor is<br>A)Minimum wages<br>B)Rent
Q39: The biggest advantage of capitalism is that<br>A)It