Which of the following is not an idea advocated by Adam Smith?
a. Businesspersons conspiring to fix prices are a threat to the price system.
b. Pursuit of private self interest with an invisible hand is the best way to promote the public interest.
c. Government should control the economy.
d. The government should provide for national defense and little else.
Question 2
If the marginal propensity to consume (MPC) is 0.75, a 50 decrease in government spending, other things being equal, would cause equilibrium real GDP to:
a. increase by 50.
b. decrease by 50.
c. increase by 200.
d. decrease by 200.
Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea
Much time and effort occurs between the development of a research idea and the statistical analysis
Buddhist philosophy allows for the idea of reincarnation, as the self passes from body to body. The ...
Michelangelo, The Creation of Adam (restored), ceiling of the Sistine Chapel.
Phillip K. Smith III, Lucid Stead.