The Chapter Asserts That the Primacy of Profits in Capitalism

question 28

Multiple Choice

The chapter asserts that the primacy of profits in capitalism means that employers make investment decisions without regard for their employees. Which of the following does NOT represent that situation?

• A) Employers purchase machines to replace workers on an assembly line.
• B) Employers require workers to participate in on-the-job training.
• C) Owners close a factory in the United States and move their operations overseas to a low-wage country.
• D) Employers eliminate traditional pension plans in favor of employee-funded 401K retirement plans.

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Definitions:

Negotiable Instrument

A financial document providing assurance for the payment of a given amount of money, either to be paid on demand or at an agreed time, with the document containing the name of the payee.

Writing Requirement

A legal condition under certain laws requiring certain contracts to be in writing to be enforceable.

Order Instrument

A financial document that is payable to a specific person or entity, as named or endorsed on the instrument.

Specific Payee

A person or entity named in a negotiable instrument to whom or to whose order the money is directed to be paid.