Author Question: Adam Smith's behavioral assumption about humans was that people A) usually act in a rational, ... (Read 127 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
Adam Smith's behavioral assumption about humans was that people
 
  A) usually act in a rational, self-interested way. B) are consistently greedy.
  C) typically act irrationally. D) typically act randomly.

Question 2

The excess burden of a tax is also a deadweight loss.
 
  Indicate whether the statement is true or false


Sarahjh

  • Sr. Member
  • ****
  • Posts: 370
Answer to Question 1

A

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

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?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

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).

For a complete list of videos, visit our video library