Multiple Choice
Which statement is true?
A) Frank Knight believed that capital is surplus value that has been stolen from the worker.
B) Joseph Schumpeter believed that risk-bearing is no part of the entrepreneurial function.
C) Karl Marx believed that profits were the capitalist's reward for innovation.
D) None of the statements are true.
Correct Answer:
Verified
Correct Answer:
Verified
Q98: Which statement is false?<br>A)Rent is an excellent
Q99: What is the present value of $1,000
Q100: As a percentage of national income,corporate profits
Q101: Who said that the economic profit in
Q102: The only way to get people to
Q104: Statement I: Rents are high because prices
Q105: Which statement is true?<br>A)The supply of loanable
Q106: Land,as a resource,is sometimes confused with what
Q107: The present value of $1 received n
Q108: Increases in capital stock are due to<br>A)increasing