Adam Smith believed that the pursuit of the public interest is also the best way to promote the private self interest
a. True
b. False
Indicate whether the statement is true or false
False
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What are the key characteristics of the agrarian system in Asia that distinguish it from that of Latin America? Explain your answer
What will be an ideal response?
Which of the following statements is true about public goods?
a. They are always produced by the government. b. The market-determined output is efficient. c. The government can hire a private entity to produce a public good. d. Nonexcludability is sufficient condition for a good to classified as a public good.
According to the efficient markets theory of stock prices, some investors outperform the market because
a. they are especially skilled at analyzing stock price trends b. in any large group of investors, there will probably be some unusually lucky ones c. they are most likely the beneficiaries of insider trading d. they have better information about firms' technologies and production costs e. they have a superior ability to predict consumer behavior
Describe how rent-seeking behavior works
Please provide the best answer for the statement.