According to Adam Smith, individual self-interest...

What will be an ideal response?


is a powerful force for economic progress when it is directed by competitive markets

Economics

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Value-added taxes (VAT) are very popular in the United States.

A. True B. False C. Uncertain

Economics

"No country is abundant in everything." Discuss

What will be an ideal response?

Economics

The unexpected consequence of the paradox of thrift is because people try to save more

a. saving increases b. national income increases c. consumption increases d. national income falls e. investment increases

Economics

A protectionist policy generally enhances free trade.

a. true b. false

Economics