Compared to capitalism, elites in previous societiesWere generally more efficientConsumed more of the surplusb.Invested more of the surplusOc.Consumed less of the surplusd.

Capitalism is regularly considered as a financial framework wherein private entertainers own and…

Answered: Were generally more efficient O a.…

Were generally more efficient O a. Consumed more of the surplus Ob. Invested more of the surplus Consumed less of the surplus O d.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter19: Labor And Entrepreneurship: The Human Inputs

Section: Chapter Questions

Problem 8DQ

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Question

Compared to capitalism, elites in previous societies
Were generally more efficient
Consumed more of the surplus
b.
Invested more of the surplus
Oc.
Consumed less of the surplus
d.

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