In a pure capitalist economy the least-cost combination of inputs is used to produce a good because
A) producers are less concerned with conserving natural resources in a market economy than in any other economic system.
B) that combination minimizes profits.
C) that combination maximizes profits.
D) cheaply-made goods will wear out quickly,generating additional sales in the future.
Correct Answer:
Verified
Q110: Pure capitalism is sometimes referred to as
A)a
Q111: Specialization according to the comparative advantage principle
Q112: Specialization and trade
A)benefit rich countries and harm
Q113: Specialization according to the principle of comparative
Q114: The "terms of trade" principle refers to
Q116: People who argue in favour of laissez-faire
A)believe
Q117: The benefits from specialization and trade are
Q118: Three Ps of capitalism are
A)prices,performance,and progress.
B)prices,privilege,and profits.
C)privilege,production,and
Q119: In both capitalist and mixed economies,the answer
Q120: People who argue against laissez-faire
A)believe the government
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