___________ said that a person pursuing his own interest, "frequently promotes that of society more effectively than when he really intends to promote it."
Fill in the blank(s) with the appropriate word(s).
Adam Smith
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Supermarkets will frequently not carry the products of food processors unless the processors pay fees to the supermarkets because
A) supermarkets are cartels. B) supermarkets often dominate the geographic areas in which they sell. C) supermarkets stand between the food processors and the ultimate consumers. D) supermarket shelves are scarce goods. E) supermarkets typically have more bargaining power than food processors.
If an employee receives health insurance through his or her employer, the employer
A) still withholds contributions for Medicare and Medicaid from the employee's paycheck. B) still withholds contributions for Medicaid, but not Medicare, from the employee's paycheck. C) still withholds contributions for Medicare, but not Medicaid, from the employee's paycheck. D) is no longer required to withhold contributions for Medicare or Medicaid from the employee's paycheck.
Does the strength of each of the five competitive forces from Michael Porter's model remain constant over time? Briefly explain
What will be an ideal response?
Alland can produce 48 units of food per person per year or 16 units of clothing per person per year, and Georgeland can produce 16 units of food per year or 8 units of clothing. Which of the following statements is true? a. Alland has a comparative advantage, but not an absolute advantage, in producing clothing. b. Alland should specialize in the production of clothing
c. Georgeland has both a comparative and an absolute advantage in producing clothing. d. Alland should specialize in the production of food.