Author Question: Adam Smith's behavioral assumption about humans was that people A) usually act in a rational, ... (Read 99 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
Adam Smith's behavioral assumption about humans was that people
 
  A) usually act in a rational, self-interested way. B) are consistently greedy.
  C) typically act irrationally. D) typically act randomly.

Question 2

The excess burden of a tax is also a deadweight loss.
 
  Indicate whether the statement is true or false


Sarahjh

  • Sr. Member
  • ****
  • Posts: 370
Answer to Question 1

A

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

For a complete list of videos, visit our video library