« previous next »

Author Question: According to Adam Smith, what is the primary source of a nation's wealth? a. The amount of gold and ... (Read 148 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 30, 2018
According to Adam Smith, what is the primary source of a nation's wealth?
 a. The amount of gold and silver in the government's possession.
  b. A spirit of cooperation in which people share according to their means.
  c. Strong central planning authorities.
  d. The people's ability to produce products and trade in free markets.

Question 2

If the value of the marginal propensity to consume (MPC) is 0.90, the value of the spending multiplier is:
 a. 10.
  b. 1.1.
  c. 90.
  d. 100.


Animal_Goddess

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

A Model of a Pulsating X-Ray Source A Model of a Pulsating X-Ray Source
Molten gold beetle Molten gold beetle
Timing of teratogens. Vulnerability to teratogens is greatest in the embryonic period. Source: Moore Timing of teratogens. Vulnerability to teratogens is greatest in the embryonic period. Source: Moore
Flynn Effect IQ scores have risen across developed countries in recent decades. Source: Flynn (199 Flynn Effect IQ scores have risen across developed countries in recent decades. Source: Flynn (199
Adrian Smith, Skidmore, Owings & Merrill, Burj Khalifa, Dubai, United Arab Emirates. Adrian Smith, Skidmore, Owings & Merrill, Burj Khalifa, Dubai, United Arab Emirates.
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library