Adam Smith



A. argued that capitalism is often confused with democracy.
B. wrote Das Kapital.
C. said that the entrepreneur is motivated by self-interest.
D. coined the phrase: "From each according to his ability, to each according to his needs."


C. said that the entrepreneur is motivated by self-interest.

Economics

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Equilibrium Interest Rate

Economics

In the table above, which method is NOT technologically efficient?

A) A B) B C) C D) D

Economics

If the base year for an index is 2005 and the value of the index in 2008 is 165.1, by what percent has the measure grown over those 3 years?

a. 165.1 percent b. 100.0 percent c. 6.51 percent d. 0 percent e. 65.1 percent

Economics

It is easy to manage cartels in an industry that produces seasonal goods

a. True b. False Indicate whether the statement is true or false

Economics