1. Think of some new products, or techniques of production, that have been developed over the last few years. What old products did the new products displace? Which companies are leading the development of new technology? 2. Why would the functioning of capitalism tend to result in the equalization of profit rates? What offsetting tendencies are there? What do we know about which tendencies will prevail? 3. What are the three major forms of capitalist competition? Discuss each, making specific reference to their impacts on the determinants of the profit rate. 4. In what ways do larger firms have an advantage over smaller firms in their ability to make profits?

Discuss how Joseph Schumpeter characterized capitalist economies by the process of 'creative destruction'. (a) In your own words, explain what this term means. (b) Based on this definition, give examples of destruction and creation, and identify the winners and the losers in the short and long run.

Which of the following items is a good synonym for “crony capitalism”? a. Prejudice b. Bribery c. Corruption d. Discrimination

Describe how drug cartels are able to recruit new members when their members are murdered. Describe also how the concept of drug cartels' corporate social responsibility makes it difficult to control drug trafficking in Latin American countries Do you agree that drug cartels are actually socially responsible? If not, why not?

Explain why any imperfect market structure is one of the sources of market failures. Give an example by showing graph/calculation and descriptions.

This question is based on the following definitions below. Pure Capitalism . Government does not regulate production Pure Communism . Government does not • Each individual works for his own success regulate production Each individual works for the good of all Democratic Socialism . Government owns basic industry System permits some private enterprise American Capitalism Individuals determine own Private enterprise has freedom means of production . Consumer has greater freedom • Individuals and consumers determine production . Government owns all means of production . Government controls all aspects of citizens economic lives Biologist Charles Darwin believed that the species that was best able to adapt would continue to exist-survival of the fittest. Under which of the following situations would his theory apply? A. Franklin Roosevelt's New Deal and government-funded work programs B. Dwight Eisenhower's policies of moderation in defense spending C. Teddy Roosevelt's progressivism and…

1. According to Robert Reich, what is the goal of a business? a. Preserving the environment b. Creating and adhering to corporate social responsibility guidelines c. Generating profit 2. True or false, Simpson argues global corporations enhance economic freedom and their power causes conflicts of interest and social problems. a. True b. False 3. Which of the following is a rule that the Macdonald and Williams-Jones argue need to be applied if a company is going to use genetic testing or screening on their employees? a. It must be mandatory b. The employee must pay out of pocket for the procedure c. The employee cannot be terminated due to the test results 4. According to Pava, why should businesses be required to adhere to corporate social responsibility standards? a. They are involved in more than just making money b. They effect the environment c. They effect the lives of their employees d. All the above 5. Why does Palmer reject government intervention in controlling the timber…

1. The film elaborates and mocks ideological justifications for capitalism. What were some of the claims for why capitalism is so good?