« previous next »

Author Question: According to Adam Smith's invisible hand doctrine: a. self-interest best serves the interests of ... (Read 90 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?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Phillip K. Smith III, Lucid Stead. Phillip K. Smith III, Lucid Stead.
Draping for massage of leg in supine position. A. Lift the leg with one hand, and with the other ... Draping for massage of leg in supine position. A. Lift the leg with one hand, and with the other ...
Apply lotion to the entire hand and arm, moving up the arm from hand to shoulder. Use moderate ... Apply lotion to the entire hand and arm, moving up the arm from hand to shoulder. Use moderate ...
Hand position for the cradle. Overlap the last three fingers of your left hand on the last three ... Hand position for the cradle. Overlap the last three fingers of your left hand on the last three ...
Inside ankle press. Place the heel of your left hand on the ball of the recipient’s right foot, ... Inside ankle press. Place the heel of your left hand on the ball of the recipient’s right foot, ...
Joint effusion of the hand Joint effusion of the hand
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library