econ quiz 2 - Georgia State University QUIZ # 2 KEY, 10...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/18/2011 for the course ECON 11853 taught by Professor Brianallenhunt during the Fall '10 term at Georgia State University, Atlanta.

Page1 / 2

econ quiz 2 - Georgia State University QUIZ # 2 KEY, 10...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online