“the outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.” 1. this quotation best supports which of the economic theories of john maynard keynes? a.) businesses and jobs rely most strongly on consumer demand. b.) government regulation is necessary to stabilize the economy. c.) markets operate best when allowed to operate freely. d.) private individuals can best make their own economic decisions.

Acompany factory is considered which type of resource a.land b.physical capital c.labor d.human capital

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:

Tariffs and quotas are often imposed when a government is more responsive to interests, and the benefits of those trade restrictions are often ; concentrated producer; widely dispersed consumer; widely dispersed consumer; concentrated