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Author Question: In Adam Smith's competitive market economy, the question of what goods to produce is determined by ... (Read 67 times)

cookcarl

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on: Jun 30, 2018
In Adam Smith's competitive market economy, the question of what goods to produce is determined by the:
 a. invisible hand of the price system. b. invisible hand of government.
  c. invisible hand of public interest. d. visible hand of laws and regulations.

Question 2

If the marginal propensity to save (MPS) is 0.25, the value of the spending multiplier is:
 a. 1.
  b. 2.
  c. 4.
  d. 9.


Awesome

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

a

Answer to Question 2

c


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cookcarl

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Reply #2 on: Jun 30, 2018
Thank you :)


Awesome

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Reply #3 on: Jun 30, 2018
Happy to help you


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