🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
2
answers
0
watching
541
views

Which statement best describes capitalism?

a. capitalism is an economic system in which the means of production and distribution are in state hands.
b. capitalism is an economic system that operates under the profit motive.
c. capitalism is an economic system that dispenses with the competition.
d. capitalism is an economic system where the profits generated belong to the state as a whole.

 

Watch
2
answers
0
watching
541
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Romarie Khazandra Marijuan
Romarie Khazandra MarijuanLv10
10 Jan 2021
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Need all three questions answered please!

1.) Contrast a system of freeways with a system of toll roads. What are the benefits and costs of making it a public good as in Michigan?

2.) What is an externality? Give an example of a positive externality and of a negative externality.

3.) If environmental pollution is due to external costs, what is the role of government to bring about efficiency even in free market capitalism?

10)

One basic argument about why capitalism gave rise to the welfare state is that:

Capitalist societies have complex institutional sets that lead to major roles for the state.

Wealth and the commercial impulse make people more peaceful toward one another.

The United States, the leading capitalist country, was where the welfare state originated.

Capitalism gave rise to the religious and community institutions that provide welfare.

11)

A perspective on the welfare state that emphasizes mobilization and political action might argue which of the following are important in shaping outcomes?

(5pts)

Citizens who benefit from the welfare state are more likely to vote and secure their interests.

Welfare states have made mobilization and political action more feasible for all.

Welfare states may be a compromise among political interests, such as business and labor.

Negotiations among bureaucrats determine which welfare recipients deserve which benefits.

12)

National defense, basic infrastructure, and a healthy environment are examples of _________.

Welfare state services

Market institutions

Public goods

Democratic tools

13)

The term “invisible hand” is likely to be found about:

Neoliberalism

Statism

Marxism

Privatization

Generally speaking, within capitalism, there is a tendency towards a rising organic composition of capital and a falling rate of profit (or a profit squeeze). Explain what these concepts rising organic composition of capital and a falling rate of profit means and develop an argument about how both of these relate to are in contradiction with the realization problem. Drawing on lectures and readings, explain some of the ways capitalist firms and capitalist states have negotiated these contradictions.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in