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
Q25: All of the following would agree that
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Q27: The present value of $100 received 3
Q28: In general the present value of $1,000
Q29: Which statement is true?
A)Rent and wages,but not
Q31: Which statement is false?
A)The most important determinant
Q32: Frank Knight's theory of profit focuses on
Q33: Which statement is true?
A)Rent,but not the interest
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Q35: Given the market rate of interest,the present
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