This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to Scottish economist Adam Smith, a. the pursuit of self-interest has widespread ... (Read 112 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jul 2, 2018
According to Scottish economist Adam Smith,
 
  a. the pursuit of self-interest has widespread benefits from producing the greatest good for the greatest number of people.
  b. the selfish effort that characterizes capitalism results in higher prices and increased inequality.
  c. capitalism is most productive when it is managed by government.
  d. equality in power and wealth result from an economy operating according to supply and demand.

Question 2

Which type of economic system places natural resources and the means of producing goods and services under collective ownership?
 
  a. capitalism
  b. a mixed economy
  c. feudalism
  d. socialism


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 2, 2018
Answer to Question 1

(Answer: a)

Answer to Question 2

(Answer: d)


jhjkgdfhk

  • Member
  • Posts: 569
Reply 2 on: Jul 2, 2018
Wow, this really help

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Political parties vs interest groups Political parties vs interest groups
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
After 159 days,she paid a maturity value of $11,626, which included interest of $814. After 159 days,she paid a maturity value of $11,626, which included interest of $814.
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
Move (feat. Camila Cabello) - Adam Port, Stryv, Malachiii, Orso (Official Visualizer) Move (feat. Camila Cabello) - Adam Port, Stryv, Malachiii, Orso (Official Visualizer)
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library