FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Milton Friedman says loss is an essential part of the free market because it ________. Select one: a. Removes incompetent people from the marketplace b.

Milton Friedman says loss is an essential part of the free market because it ________. Select one: a. Removes incompetent people from the marketplace b. Discourages risk-taking c. Forces companies that are making poor decisions to change d. Creates high unemployment rates

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Macroeconomics

Authors: Charles I. Jones

3rd edition

978-0393123944, 393123944, 393923908, 978-0393923902

More Books

Students also viewed these Economics questions

Question

★★★★★
An air-conditioning system operating on the reversed Carnot cycle is required to transfer heat from a house at a rate of 750 kJ/min to maintain its temperature at 24C. If the outdoor air temperature...

Answered: 1 week ago

Question

★★★★★
1. Private Purpose Trust Funds follow the ______ measurement focus and the ______ basis of accounting. 2. Amounts originally contributed to a Private Purpose Trust Fund are recorded as ______. 3. The...

Answered: 1 week ago

Question

★★★★★
Box

Answered: 1 week ago

Question

★★★★★
Powell Co. borrowed $20,000 from the local bank on April 1, 2013, when the company wasstarted. The note had an 8 percent annual interest rate and a one-year term to maturity. Powell Co. recognized...

Answered: 1 week ago

Question

★★★★★
During the month of June, Aplum, Inc. had transactions that resulted in the following amounts being recorded in its Cash account; (1) $900 debit, (2) $1,200 credit, (3) $1,400 debit, (4) $1,000...

Answered: 1 week ago

Question

★★★★★
95 l-1 Module 8 Homework Problem 1 Colton wants to sell you a Bubble Guppie $89,000! He annual payments which start in one year and include interest at 5%. tells you that you can pay in three equal...

Answered: 1 week ago

Question

★★★★★
Bob and Marcus are buying a house. They have $22000 for a down payment. The house price is $176000. They have secured a 25 year loan with an annual interest rate of 4.3% compounded monthly, Use Excel...

Answered: 1 week ago

Question

★★★★★
The pin-connected structure consists of two cold-rolled steel [E-26,000 ksil bars (1) and a bronze [E 12,000 ksi) bar (2) that are connected at pin D. Each steel bar has a cross-sectional area of...

Answered: 1 week ago

Question

★★★★★
Use the Dividend Discount Model to calculate the intrinsic value for Pepsi (PEP). Explain your assumptions for the discount rate and the expected dividend growth rate. Use the expected dividend...

Answered: 1 week ago

Question

★★★★★
1. Light of wavelength 686 nm in air enters water, making an angle of 40.4 with the normal. Determine a) the angle of refraction and b) the wavelength of light in water. Explain your working. (The...

Answered: 1 week ago

Question

★★★★★
Q1) Using singularity functions only, determine a- The reactions b- The shear force at x = 2.5 m. c- The bending moment at x = 5.5 m. 1200 N/m A 4m- 6 m- 2800 N/m B

Answered: 1 week ago

Question

★★★★★
Currington Company.... Currington Company wants to use absorption cost-plus pricing to set the selling price on a newly remodeled product. The company plans to invest $172,000 in operating assets to...

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: a) The smaller the unit of measurement used to measure a coastline, the longer the coastline becomes. b) The interpretation is different from what is interpreted....

Answered: 1 week ago

Question

★★★★★
1. What information of vital importance is not expressed in the message? The answer to the question tells us a little about the code used between the parties.

Answered: 1 week ago

Question

★★★★★
2. Find five metaphors for communication.

Answered: 1 week ago

Previous Question Next Question