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Questions and Answers
According to Say's Law, supply and demand is a self-regulating process due to the interaction of two factors. What are these two factors?
According to Say's Law, supply and demand is a self-regulating process due to the interaction of two factors. What are these two factors?
- Labor and capital (correct)
- Technology and innovation
- Science and nature
- Supply and demand
What does technological change or innovation do to the input mix in production?
What does technological change or innovation do to the input mix in production?
- Shifts labor input to consumption
- Increases labor input
- Does not affect labor input
- Decreases labor input (correct)
Who benefits the most from technological change according to the text?
Who benefits the most from technological change according to the text?
- Those who create technological change
- Those who own capital (correct)
- Those who work with labor
- Those who work with capital
What does Say's Law assume about the distribution of productive power?
What does Say's Law assume about the distribution of productive power?
According to Isaiah Berlin's essay, the fox and the hedgehog are symbols of a divide between thinkers and writers based on:
According to Isaiah Berlin's essay, the fox and the hedgehog are symbols of a divide between thinkers and writers based on:
Louis Kelso is described as:
Louis Kelso is described as:
The enigmatic fragment by the ancient Greek poet Archilochus suggests that:
The enigmatic fragment by the ancient Greek poet Archilochus suggests that:
Louis Kelso understood the corporate form of organization because he
Louis Kelso understood the corporate form of organization because he
Louis Kelso's favorite law clients were
Louis Kelso's favorite law clients were
Louis Kelso's collaboration with the hedgehog produced a large and remarkable body of theory and practice, including
Louis Kelso's collaboration with the hedgehog produced a large and remarkable body of theory and practice, including
Louis Kelso's aim was to
Louis Kelso's aim was to
What did Say and his followers believe would happen if the government adopted a hands-off policy?
What did Say and his followers believe would happen if the government adopted a hands-off policy?
What did President Hoover remind the American people about depressions?
What did President Hoover remind the American people about depressions?
What is an 'anomaly' in the context of the Great Depression?
What is an 'anomaly' in the context of the Great Depression?
What was Louis Kelso's approach to studying economic arrangements?
What was Louis Kelso's approach to studying economic arrangements?
