In Chapter 1, economic thinking is discussed around a model of the "zero-sum game." This implies:
A) that one player's gain is another one's loss
B) that the economy is essentially dynamic and value-adding
C) that the economy is essentially static
D) that the economy can be viewed as a casino for gamblers
E) that the sum of all efforts is often zero for everyone
Correct Answer:
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Q2: According to Richard Cantillon, entrepreneurs were not
Q3: According to Jean-Baptiste Say, the entrepreneur's task
Q4: Jean-Baptiste Say is the man behind Say's
Q5: Say and Cantillon launched the notion of
Q6: Economic flow or circulation was introduced by
Q7: The term "homo economicus" - economic man
Q8: The book discusses two opposing systems of
Q9: Evolutionary development means that something changes gradually
Q10: In this context if something is dynamic,
Q11: Static, in this context, means that something
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