Which of the following statements would a follower of Adam Smith be most likely to make?
A) Market economies are flawed because they put too much emphasis on economic growth and not enough on environmental problems.
B) The federal government should use its ability to spend and tax to guide the decisions of businesses and consumers.
C) If people are given the freedom to follow their own interests,they will end up promoting economic growth that benefits society as a whole.
D) Overpopulation is the main danger confronting modern economies.
Correct Answer:
Verified
Q2: Both socialism and communism are variations of:
A)competitive
Q3: In recent years,productivity in the goods-producing sector
Q4: In most large cities there are a
Q5: A typical demand curve shows that:
A)as people
Q6: Peter Principal is the prime minister of
Q7: A(n)_exists when the entire supply of a
Q8: Almost every discussion about a country's economy
Q9: If a shortage exists for a good
Q10: Which of the following would be a
Q11: Three of the major indicators of the
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