Author Question: Adam Smith's ________ refers to the process by which individuals acting in their own self-interest ... (Read 85 times)

joe

  • Hero Member
  • *****
  • Posts: 627
Adam Smith's ________ refers to the process by which individuals acting in their own self-interest bring about a market outcome that benefits society as a whole.
 
  A) survival of the fittest theory B) invisible hand
  C) Utopian society D) comparative advantage model

Question 2

Describe the trends and fluctuations in the U.S. employment-to-population ratio and labor force participation rate from 1980 to 2014 .
 
  What will be an ideal response?



Yixagurpuldink

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

B

Answer to Question 2

The labor force participation rate and the employment-to-population ratio had an upward trend from 1980 until about 2000 after which they turned downward. Both show fluctuations around these trends, especially the employment-to-population ratio which rises during expansions and falls during recessions but its fall between 2008 and 2010 was particularly severe. The labor force participation rate also fell between 2008 and 2010 but the fall was not as dramatic. Recently the labor force participation rate has been near 63 percent and the employment-to-population ratio has been near 59 percent.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library