Adam Smith believed that if people were free to pursue their own interests.
What will be an ideal response?
the public interest would be served quite well
You might also like to view...
Immigrant entrepreneurs have founded what portion of semiconductor, computer/communication, and software companies in the U.S.?
A. 5% - 10% B. 10% - 20% C. 20% - 25% D. 25% - 35%
What three parts of the economy are represented in the IS-MP model?
What will be an ideal response?
Sustained long-term economic growth comes from decreases in worker productivity, which essentially means how well we do things.
Select whether the statement is true or false. A. True B. False
Dan owns an autographed copy of a Brittany Spears CD that he values at $100. If he sells the CD at the garage sale he's planning to hold in a few weeks, it will be sold to a buyer with a reservation price of $175. If he sells it on eBay, it will be sold to a buyer with a reservation price of $500. eBay will charge Dan $50 to auction the CD, which just covers eBay's opportunity cost of running the auction. Relative to selling the CD at his garage sale, auctioning the CD on eBay will lead:
A. total economic surplus to increase by $100. B. total economic surplus to increase by $500. C. to no change in total economic surplus. D. total economic surplus to increase by $275.