This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to Scottish economist Adam Smith, a. the pursuit of self-interest has widespread ... (Read 38 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jul 2, 2018
According to Scottish economist Adam Smith,
 
  a. the pursuit of self-interest has widespread benefits from producing the greatest good for the greatest number of people.
  b. the selfish effort that characterizes capitalism results in higher prices and increased inequality.
  c. capitalism is most productive when it is managed by government.
  d. equality in power and wealth result from an economy operating according to supply and demand.

Question 2

Which type of economic system places natural resources and the means of producing goods and services under collective ownership?
 
  a. capitalism
  b. a mixed economy
  c. feudalism
  d. socialism


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 2, 2018
Answer to Question 1

(Answer: a)

Answer to Question 2

(Answer: d)


jhjkgdfhk

  • Member
  • Posts: 569
Reply 2 on: Jul 2, 2018
YES! Correct, THANKS for helping me on my review

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

David Hume (1711‑1776) was a Scottish philosopher whose skeptical examinations of religion, ... David Hume (1711‑1776) was a Scottish philosopher whose skeptical examinations of religion, ...
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
Calvin Harris, Sam Smith - Promises (Official Lyric Video) Calvin Harris, Sam Smith - Promises (Official Lyric Video)
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: Regulation of GFR: autoregulation via tubuloglomerular feedback, neural & hormonal regulation

For a complete list of videos, visit our video library