« previous next »

Author Question: Which of the following is not an idea advocated by Adam Smith? a. Businesspersons conspiring to fix ... (Read 86 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 30, 2018
Which of the following is not an idea advocated by Adam Smith?
 a. Businesspersons conspiring to fix prices are a threat to the price system.
  b. Pursuit of private self interest with an invisible hand is the best way to promote the public interest.
  c. Government should control the economy.
  d. The government should provide for national defense and little else.

Question 2

If the marginal propensity to consume (MPC) is 0.75, a 50 decrease in government spending, other things being equal, would cause equilibrium real GDP to:
 a. increase by 50.
  b. decrease by 50.
  c. increase by 200.
  d. decrease by 200.


Anton

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea
Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea
Smith and Snell’s Five Religious Categories Smith and Snell’s Five Religious Categories
Kiki Smith, Guide. Kiki Smith, Guide.
Adam Kahn, Brockholes Visitor Center. Adam Kahn, Brockholes Visitor Center.
Jeremy Bentham, A General Idea of a Penitentiary Panopticon, drawn by Willey Reveley. Jeremy Bentham, A General Idea of a Penitentiary Panopticon, drawn by Willey Reveley.
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library