Recall Chapter 1's opening story about the British sea captains and the convicted felons. Instead of paying the sea captains for each prisoner placed on board the ships in Great Britain, an economist suggested:
A) paying for each prisoner who walked off the ship in Australia.
B) paying for food and water to reduce costs of caring for prisoners during the transit.
C) doing nothing, since the suggested change would not matter.
D) that new regulations be passed to require prisoner safety and health.
Correct Answer:
Verified
Q9: Economists think that people are self-interested:
A) only
Q10: If there was no _, the "invisible
Q11: Every day people rely on the work
Q12: In his book The Wealth of Nations,
Q13: Adam Smith coined the term "invisible hand"
Q15: The main incentive for business activity is:
A)
Q16: In the 1800s, the federal government paid
Q17: Recall Chapter 1's opening story about the
Q18: What is the "invisible hand"?
A) The idea
Q19: In several cities around the country, schools
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