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Author Question: According to Adam Smith, what is the primary source of a nation's wealth? a. The amount of gold and ... (Read 110 times)

nautica902

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on: Jun 30, 2018
According to Adam Smith, what is the primary source of a nation's wealth?
 a. The amount of gold and silver in the government's possession.
  b. A spirit of cooperation in which people share according to their means.
  c. Strong central planning authorities.
  d. The people's ability to produce products and trade in free markets.

Question 2

If the value of the marginal propensity to consume (MPC) is 0.90, the value of the spending multiplier is:
 a. 10.
  b. 1.1.
  c. 90.
  d. 100.


Animal_Goddess

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


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