« previous next »

Author Question: According to Adam Smith's invisible hand doctrine: a. self-interest best serves the interests of ... (Read 94 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
According to Adam Smith's invisible hand doctrine:
 a. self-interest best serves the interests of society.
  b. laissez faire must be improved by government intervention.
  c. producers should serve the best interests of society.
  d. only laissez faire mercantilism best serves the interests of society.

Question 2

The spending multiplier is defined as:
 a. the ratio of the change in equilibrium output to the initial change in spending.
  b. the change in initial spending divided by the change in personal income.
  c. 1 / (marginal propensity to consume).
  d. 1 / (1  marginal propensity to save).


Loise Hard

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Tetany of the hand in hypoparathyroidism. Tetany of the hand in hypoparathyroidism.
Surgical Hand Hygiene/Sterile Scrub Surgical Hand Hygiene/Sterile Scrub
Circular clockwise pattern. Gently lay a hand on the abdomen to establish contact. Apply effleurage ... Circular clockwise pattern. Gently lay a hand on the abdomen to establish contact. Apply effleurage ...
Deep effleurage to buttocks muscles using reinforced palm. Place one hand over the other to apply ... Deep effleurage to buttocks muscles using reinforced palm. Place one hand over the other to apply ...
Squeeze hands and fingers. Compress and broaden the hand. Squeeze along each finger. Squeeze hands and fingers. Compress and broaden the hand. Squeeze along each finger.
Hand signals are an effective emergency backup to ra- dio communication systems. Shown are several ... Hand signals are an effective emergency backup to ra- dio communication systems. Shown are several ...
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library