Author Question: Adam Smith (1776) claimed that less governmental regulation, not more, would provide incentives for ... (Read 88 times)

809779 · **on:** Jun 30, 2018

Adam Smith (1776) claimed that less governmental regulation, not more, would provide incentives for individuals to allocate resources efficiently, specialize and trade.

Specialization and trade would generate wealth and result in economic growth and development. Indicate whether the statement is true or false

Question 2

An increase in immigration would

a. have no effect on the labor supply curve and real wages.
b. shift the labor supply curve to the left and increase real wages.
c. shift both the labor demand curve and the labor supply curve to the left.
d. shift the labor supply curve to the right and decrease real wages.