What is the name given to the value that laborers produce but are not paid for, that is instead captured by the capitalists?   A. Greed   B. Overtime   C. Surplus-value   D. Socialism

How does a competitive industry affect unions?     A. Unions can exercise higher monopoly power.   B. Unionization requires a great deal of effort.   C. Unions focus on geographically distributed producers.   D. Unions focus on national service providers.

How is profit defined under the Marxian and Neoclassical Schools of thought?

In a market economy, Oa. households decide which firms to work for and what to buy with their incomes. Ob. firms decide whom to hire and what to make. Oc. a central planner makes decisions about production and consumption. Od. Both a and b are correct. 吕口 D00 F4 F2 F3 F5 F6 F7 F8 # $ % & 3 4 5 8

all of the following or examples of incentives, other than money that may influence an individuals supply curve, except a. parents forging higher wage career jobs in order to have more flexible hours, and time at home b. volunteers, offering their services just for the sense of contributing to the communities   c. MBA graduates saying they are motivated more by the challenge of high-paying jobs then by money, d. a person, choosing to work the weekend after working a 40 hour week Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer.  Take care of plagiarism. Answer completely. You will get up vote for sure.

QUESTION 30 According to Adam Smith, the success of market economies is primarily due to: A. The basic benevolence of society. B. Partnerships that are forged between business and government. C. Individuals' pursuit of self-interest. OD. Society's legal system.