Economic Analysis and Net Product Quiz
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Questions and Answers

Why are industry and commerce regarded as unproductive?

  • Because they create surplus wealth that equals the wealth consumed
  • Because they involve the transfer of already produced commodities without creating anything new (correct)
  • Because they do not contribute to the development of economic analysis
  • Because they modify raw materials without producing any net product
  • What concept was important for the development of economic analysis according to prof. Haney?

  • Industry
  • Net product (correct)
  • Commerce
  • Surplus wealth
  • Why did prof. Haney consider the idea of net product important for economic analysis?

  • To understand the concept of surplus wealth (correct)
  • To study the production and consumption of wealth in industry and commerce
  • To emphasize the significance of raw materials in industry
  • To develop theories about industry and commerce
  • What is the relationship between wealth produced and consumed in industry and commerce according to the text?

    <p>They are equal, resulting in the perception of industry and commerce as unproductive</p> Signup and view all the answers

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