The author of the book An Inquiry into the Nature and Causes of the Wealth of Nations is

A) Thorstein Veblen.
B) Adam Smith.
C) Milton Friedman.
D) Alan Greenspan.


B

Economics

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The federal minimum wage in 2010 was $7.25. If this wage rate was less than the equilibrium wage, what is the effect?

A) The minimum wage does not create unemployment. B) The number of people who want to work at the minimum wage is the same as the number of available jobs. C) The number of people who want to work at the minimum wage is greater than the number of available jobs. D) Deadweight loss exists.

Economics

Intermediate targeting the money supply is preferable if there is a(n)

a. increase in the severity of supply shocks. b. unstable money demand function. c. low interest elasticity of money demand. d. difficulty in the measurement of money demand. e. none of the above.

Economics

Today, the share of union membership among public sector workers in the United States is

A) more than twice the share of union membership among private sector workers. B) zero. C) less than half of the share of union membership among private sector workers. D) the same as the share of union membership among private sector workers.

Economics

The largest category of expenditures for state and local governments is __________

Fill in the blank(s) with correct word

Economics