« previous next »

Author Question: Adam Smith's ________ refers to the process by which individuals acting in their own self-interest ... (Read 42 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 29, 2018
Adam Smith's ________ refers to the process by which individuals acting in their own self-interest bring about a market outcome that benefits society as a whole.
 
  A) survival of the fittest theory B) invisible hand
  C) Utopian society D) comparative advantage model

Question 2

Describe the trends and fluctuations in the U.S. employment-to-population ratio and labor force participation rate from 1980 to 2014 .
 
  What will be an ideal response?


Yixagurpuldink

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

The labor force participation rate and the employment-to-population ratio had an upward trend from 1980 until about 2000 after which they turned downward. Both show fluctuations around these trends, especially the employment-to-population ratio which rises during expansions and falls during recessions but its fall between 2008 and 2010 was particularly severe. The labor force participation rate also fell between 2008 and 2010 but the fall was not as dramatic. Recently the labor force participation rate has been near 63 percent and the employment-to-population ratio has been near 59 percent.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Hemodialysis. The process of hemodialysis replaces the kidney function of blood filtration by forcin Hemodialysis. The process of hemodialysis replaces the kidney function of blood filtration by forcin
Coracoid process Coracoid process
The process of phagocytosis: a phagocyte engulfing bacteria or other foreign material. The process of phagocytosis: a phagocyte engulfing bacteria or other foreign material.
Before starting the process of adjusting the valves, look up the specifications and exact ... Before starting the process of adjusting the valves, look up the specifications and exact ...
Step 3 in the diagnostic process is to retrieve any stored diagnostic trouble codes. Step 3 in the diagnostic process is to retrieve any stored diagnostic trouble codes.
Facet of superior articular process Facet of superior articular process
Video: Cell mediated immune response to a viral infection Animation

For a complete list of videos, visit our video library