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Author Question: Which of the following scenarios most accurately describes Adam Smith's view of an economic system ... (Read 86 times)

joblessjake

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  • Posts: 555
on: Jul 14, 2018
Which of the following scenarios most accurately describes Adam Smith's view of an economic system that best serves the interests of society?
 A) Individuals are selected to fill certain positions within the economy of their nation according to the needs of the nation as a whole.
  B) Markets are carefully regulated to ensure that all individuals within a nation are treated fairly and charged standardized prices.
  C) A country only has a limited amount of space for college students and uses a type of lottery system to determine who gets these spaces.
  D) Government scarcely exists in this country, and transactions are based on a system of barter, or trading goods, for other goods.
  E) Individuals in the country may pursue their own economic gain and self-interest by doing whatever is best for them.

Question 2

An increase in marketing to Hispanic consumers and an expected increase in health care spending in the United States are examples of how _____ factors are impacting the business environment.
 A) language
  B) social
  C) cultural
  D) financial
  E) economic


pocatato

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Reply #1 on: Jul 14, 2018
Answer to Question 1

E

Answer to Question 2

B


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