Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 10 10. In capitalism price O is usually higher than it has to be considering the cost of production Is usually higher than it

image text in transcribed
Question 10 10. In capitalism price O is usually higher than it has to be considering the cost of production Is usually higher than it has to be because advertising makes people to buy things they don't need. In the US price is controlled by associations of industrial and retail companies. O is a signal of what to produce and price rations goods to those willing and able to pay for them. 3 Question 11 11. How is income distributed under US capitalism? o Only corporate executives, professional athletes, musicians and actors can get rich. O Income is distributed based on family connections. The rich get richer but the poor get richer too: the rich can become poor and the poor can become rich. The rich get richer and the poor get poorer

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

Financial Management Theory and Practice

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

2nd Canadian edition

176517308, 978-0176517304

More Books

Students also viewed these Finance questions