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.
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Equilibrium Interest Rate
In the table above, which method is NOT technologically efficient?
A) A B) B C) C D) D
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
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