The idea of the invisible hand was introduced by
A. Wassily Leontief.
B. Adam Smith.
C. Thomas Jefferson.
D. Mountifort Longfield.
Answer: B
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A stock is purchased either for the expected gain in the price of the stock, for the dividends that the stock may pay, or both.
Answer the following statement true (T) or false (F)
When a transaction between a buyer and seller directly affects a third party, the effect is called an externality
a. True b. False Indicate whether the statement is true or false
National income is defined as
a. the total income of a nation's permanent residents minus losses from depreciation. b. the income that households and noncorporate businesses receive. c. the total income earned by a nation's permanent residents in the production of goods and services. d. the income that households and noncorporate businesses have left after satisfying all their obligations to the government.
One way for a business to increase productivity is to increase its
A. imports. B. environmental concern. C. prices. D. research and development.