Question 1

In the former Soviet Union most goods and services were produced by _____________; in the United States most goods and services are produced by ____________.

Accepted Answer

A)  the government; private enterprise
B)  the government; the government
C)  private enterprise; the government
D)  private enterprise; private enterpriseE) B) and D)
F) B) and C)

Question 2

Which of the following economists believed that the factory owner, by paying his workers meager wages, was able to use this surplus to buy more capital goods?

Accepted Answer

A)  Adam Smith
B)  Thorstein Veblen
C)  Milton Friedman
D)  Karl Marx
E)  John Maynard KeynesF) C) and D)
G) C) and E)

Exam 3: The Mixed Economy

In the former Soviet Union most goods and services were produced by _; in the United States most goods and services are produced by .

Correct Answer
verified

Which of the following economists believed that the factory owner, by paying his workers meager wages, was able to use this surplus to buy more capital goods?

Correct Answer
verified

Exam 3: The Mixed Economy

In the former Soviet Union most goods and services were produced by _____________; in the United States most goods and services are produced by ____________.

Correct AnswerverifiedShow Answer

Which of the following economists believed that the factory owner, by paying his workers meager wages, was able to use this surplus to buy more capital goods?

Correct AnswerverifiedShow Answer

In the former Soviet Union most goods and services were produced by _; in the United States most goods and services are produced by .

Correct Answer
verified

Correct Answer
verified