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econ quiz 2 - Georgia State University QUIZ 2 KEY 10 points...

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Georgia State University QUIZ # 2 KEY, 10 points Name: SSN # (last four digits) The answer to each question is given in bold face . 1. A corn field, a computer owned by a business enterprise, and an owner of business enterprise are respectively, examples of a. land, capital, and labor. b. capital, capital, and entrepreneurship. land, capital, and entrepreneurship . d. capital, entrepreneurship, and entrepreneurship. 2. According to the invisible hand doctrine a. only laissez-faire capitalism provides the reward of profit. b. laissez-faire capitalism is generally improved by government intervention in decision making. c. the interests of society are best served if producers decide which goods and services buyers should buy. in free and open market competitions, producers acting in their own self-interest will provide buyers with what they want, which best serves the interest of society. 3. In X Y space, the slope of a straight line is 2 . 2, if the independent variable is changed by some unknown amount Δ X as a consequence the dependent variable Y has decreased by 33. The value of
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