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.
Economics
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Saving $100 will:
A. increase wealth by $100. B. decrease wealth by $100. C. increase wealth by $100 only if the $100 is used to repay a debt. D. increase wealth by $100 only if the $100 is used to purchase an asset.
Economics
Tariffs benefit the consumers of the import-competing goods
Indicate whether the statement is true or false
Economics
The fact that a perfectly competitive firm has a perfectly elastic demand curve means
A) there is no limit to the firm's profits. B) there is no limit to the firm's revenues. C) that it can sell all it wants at any price. D) None of the above
Economics
In the United States, the dollar was commodity backed by:
A. gold. B. silver. C. oil. D. diamonds.
Economics