An inefficient factory is likely to close down under capitalism for which of the following reasons?
A) government orders
B) a central planner's decision
C) adverse effects on income distribution
D) low or negative profits
Correct Answer:
Verified
Q102: In both capitalist and mixed economies,the incomes
Q103: Freely adjusting prices,profits,and private property are most
Q104: When applied to an economic system,the term
Q105: People who favour laissez-faire believe that
A)the government
Q106: The "invisible hand" refers to
A)the ways in
Q108: The principle of comparative advantage states that
A)countries
Q109: If output of a good or service
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
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