In Adam Smith's The Wealth of Nations, how many "institutions" are in the capitalistic system?

A) 3
B) 4
C) 5
D) 6


D

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Gross margin pricing establishes selling prices at an amount that is a stipulated rate above variable production costs

Indicate whether the statement is true or false

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Which of the following is not a seller's remedy?

A) Right to withhold delivery B) Right to cancel the contract C) Right to cover D) Right to resell goods E) Neither C nor D is a seller's remedy

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Only the U.S. Department of Justice can prosecute violations of all of the antitrust laws

Indicate whether the statement is true or false

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One of the key benefits of international trade is that it allows consumers and producers to benefit by exploiting each country's comparative advantage.

Answer the following statement true (T) or false (F)

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