Author Question: Which of the following economists rejected the notion that economic growth was caused by the ... (Read 44 times)

biggirl4568 · **on:** Jun 29, 2018

Which of the following economists rejected the notion that economic growth was caused by the evolution of commercial society?

A) Adam Smith
B) Paul Heyne
C) Karl Marx
D) All of the above.
E) None of the above.

Question 2

What effect on the price of hiring a lawyer to draw up a will would the opportunity-cost theory predict as a consequence of legislation requiring the use of a lawyer in all real estate transactions?

A) A higher price as the market becomes flooded with lawyers.
B) A higher price as lawyers find it costs them more to draw up wills
C) No effect because prices are determined by demand, not by cost.
D) A lower price as the market becomes flooded with lawyers
E) A lower price as lawyers find they can now obtain their desired income level with lower fees