This topic contains a solution. Click here to go to the answer

Author Question: A basic premise of Adam Smith's is a. human beings try to avoid acquisitive behavior. b. when ... (Read 124 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
A basic premise of Adam Smith's is
 
  a. human beings try to avoid acquisitive behavior.
 

b. when people are left to pursue their own economic interests, disaster looms.
  c. the division of labor, though good for the firm, reduces overall efficiency.
  d. we can secure what we need from others only by offering them something they need from us.



Question 2

The concept of the invisible hand means
 
 

a. each person's private pursuit of wealth will result in the most beneficial overall organization and distribution of
  economic resources.
  b. although it can't be seen, the hand of government controls the economy and exerts a beneficial pressure that
  promotes economic welfare.
  c. feudalism inevitably gives rise to capitalism.
  d. externalities must be internalized




Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chou

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

d

Answer to Question 2

a




charchew

  • Member
  • Posts: 579
Reply 2 on: Jun 19, 2018
Wow, this really help


peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

For a complete list of videos, visit our video library