Surplus-value creates a further advantage for capitalists because: A. Capitalists are able to buy whatever they want B. Capitalists can use the surplus-value as capital for new ventures C. Workers lose their ability to organize D. None of the above
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Surplus-value creates a further advantage for capitalists because:
| A. |
Capitalists are able to buy whatever they want |
|
| B. |
Capitalists can use the surplus-value as capital for new ventures |
|
| C. |
Workers lose their ability to organize |
|
| D. |
None of the above |
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- Entrepreneurs are: a) enterprising person who discovers potentially profitable opportunities and organize, direct, and manage productive ventures. b) crtical to the success of any economy, especially if the economy relies heavily on markets. c) an economic resource because they discover more effective and profitable ways to produce the goods and service people want. d) all of the aboveSalem saves 300 riyals every month to build his future. What is the value of this position? A- Social. B- Economic. C- Personal. D- Legal.4. Only people who have certain natural talents can be Entrepreneurs. 5.Entrepreneurs are extreme risk takers 6. Entrepreneurs seek success but experience high failure rates 7. Ignorance is bliss for Entrepreneurs 8. All Entrepreneurs need is luck 9. Money is what the Entrepreneurial venture need to survive 10. Entrepreneurs must fit the standard Entrepreneurial profile
- In economics, what is any payment of production in excess to the cost needed to bring that factor into production? a.Investment b.Rental c.Minimal Wage d.TaxAssume that A values his house at $90,000. B is willing to pay $110,000 for A’s house in order torelocate closer to work. After signing a contract, B’s employer announces that the company will moveto another city. In view of this fact, the value of the house to B is reduced to $75,000. a)From anefficiency viewpoint, who should own the house, A or B?The table below is an illustration of Pareto efficiency criterion after the implementation of a state income policy in some selected Ministries . Before policy. After policy Ministry A. 400 800 Ministry B. 200 200 Ministry C . 300 300 Total. 900 1300 There is a trade-off between equity and efficiency in a perfectly competitive market system. Analyse with the aid of a diagram how efficiency will not be compromised in government’s welfare program
- d. Government imposes costly new regulations to make oil drilling a safer job.The invisible hand is:a) when individuals' pursuit of self-interest within free markets may allocateresources efficiently.b) the Inland Revenue.c) when the state plans resource allocation.d) fiscal policy.Resources are scarce because which of the following are limited: Question 10 options: A) labor, capital, technology, and entrepreneurship B) labor, capital, stocks, bonds C) land, labor, technology, and money. D) land, labor, capital, and entrepreneurship
- The main differences between free markets( conscious) capitalism and crony capitalism is that: a) only crony capitalism appeals to self-interest and greed, while there is no greed in conscious capitalism b) crony capitalism enlist the power of the stat to achieve its goals, while the market is based on cooperation. c) only free markets capitalism uses incentives to fulfill its goals, while governmental institutions never use incentives to achieve goals. d) crony capitalism uses corporations, while, conscious capitalism uses small shops. e) all of the aboveDecide whether each of the following descriptions most closely corresponds to being part of a command system, a market system, or a laissez-faire system. a. A woman who wants to start a flower shop finds she cannot do so unless the central government has already decided to allow a flower shop in her area. b. Shops stock and sell the goods their customers want but the government levies a sales tax on each transaction in order to fund elementary schools, public libraries, and welfare programs for the poor. c. The only taxes levied by the government are to pay for national defense, law enforcement, and a legal system designed to enforce contracts between private citizens.If Bruce pays $2000 in tuition fees to the college, what does his opportunity cost? $2000 minus the income the student forgoes by attending school rather than working. $2000. the income the student forgoes by attending school rather than working plus his tuition fees. there is no opportunity cost since Bruce chose to study rather than working.
