Adam Smith's book, The Wealth of Nations, was published at the time of the:
a. War of 1812.
b. U.S. Civil War.
c. Great Depression.
d. U.S. Declaration of Independence.
d
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The production of capital is a form of roundabout production
a. True b. False
According to Olsen, the dictator that promotes growth is the:
a. tinpot b. roving bandit c. the stationary bandit d. all dictators are good for growth e. non dictator is good for growth
If the world price of apples is higher than Argentina's domestic price of apples without trade, then Argentina
a. should import apples. b. has a comparative advantage in apples. c. should produce just enough apples to meet its domestic demand. d. should refrain altogether from producing apples.
Which of the following is NOT one of the three common ways that private trade intermediaries are paid by exporters?
A) commission rate B) buy-sell basis C) fixed salary D) special event contribution