Author Question: Adam Smith A) is responsible for refining the model of supply and demand. B) is the author of ... (Read 50 times)

mydiamond · **on:** Jun 30, 2018

Adam Smith

A) is responsible for refining the model of supply and demand.
B) is the author of this text.
C) is considered the founder of economics.
D) introduced the concept of ceteris paribus to the discussion of supply and demand.

Question 2

As a possible approach to eliminating the government budget deficit, increasing taxes on the rich only would

A) not lead to a significant increase in tax revenues.
B) lead to a significant increase in tax revenues.
C) lead to an increase in real GDP.
D) lead to a greater number of entitlements.