A. create abuse
B. stimulate government control
C. stimulate economic growth as each individual tried to maximize profits
D. stifle economic growth as the markets would be flooded with merchandise
Related Mcqs:
- Why is the private ownership of property deemed beneficial ?
A. It is the American way
B. Greed makes the world go around
C. keeping up with the Joneses leads to success
D. None of the above - The Industrial Revolution shifted the emphasis in ownership from land to______________?
A. gold and silver
B. the means of production machines tools materials
C. serfs
D. precious spices - In most societies ownership of property takes one of three forms________________?
A. restricted guarded and private
B. esthetic visible tangible
C. communal private public
D. ambiguous hermetic contraceptive - The purpose of separating management from ownership is to________________?
A. secure the highest possible salaries for managers
B. ensure that the long-term interests of the corporation outweigh short-term gains
C. shield absentee owners from any and all responsibility
D. shield the board of directors from any and all responsibility - The most numerous forms of business ownership in the United States is the________________?
A. partnership
B. subchapter S corporation
C. sole survivorship
D. sole proprietorship - Companies in the private sector are owned by ?
A. The government
B. Shareholders
C. Employees
D. The community - C.Wright Mills wrote that the “power elite” controls_________________?
A. all political and social issues
B. the major issues like war and peace
C. the election of all national officials
D. access to Supreme Court appointments - An outward shift of the production possibility frontier may be caused by ?
A. An increase in demand
B. More government spending
C. Better training of employees
D. Productive inefficiency - To use up the final products of production is to_______________?
A. distribute
B. consume
C. allocate
D. appropriate - What percent of total work hours must be used to fix errors that occur on the assembly line in mass-production plants ?
A. 50%
B. 25%
C. 35%
D. 40%
