Question
What were the common short-term outcomes as socialist economies in Eastern Europe transitioned toward market capitalism after 1991? A. Inflation and booming output B. Labor
What were the common short-term outcomes as socialist economies in Eastern Europe transitioned toward market capitalism after 1991?
A. | Inflation and booming output | |
B. | Labor shortages and rising wages | |
C. | Inflation,unemployment, and declining output | |
D. | Deflation and labor shortages |
Which of the following characteristics is NOT a potential source of inefficiency in market capitalist economies?
A. | Imperfect information | |
B. | Externalities | |
C. | Monopoly power | |
D. | Franchise taxes |
What is the Islamic concept of risk avoidance?
A. | Qirad | |
B. | Shari'a | |
C. | Gharar | |
D. | Riba |
Which of the following is not a key belief under the Islamic economic system?
A. | Interest payments should be subject to zakat taxation | |
B. | Hard work and fair dealing are encouraged | |
C. | Venture capital investments may be provided through mudarabah arrangements | |
D. | Wealth may be accumulated and modestly enjoyed |
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