Which statement was coined by Adam Smith?
A) By pursuing his own interest,he frequently promotes that of the society more effectually than when he really intends to promote it.
B) The factory owner,by paying his workers meager wages,is able to use this surplus to buy more capital goods.
C) The foundation of our economic system is socialist ownership of the means of production in the form of state property and collective farm and cooperative property.
D) None of these statements were coined by Adam Smith.
Correct Answer:
Verified
Q10: Which statement is false?
A)Under our economic system,most
Q11: A socialist economy is characterized by
A)an extensive
Q12: A person will do more good pursuing
Q13: Karl Marx said the people who control
Q14: In a centrally planned economy
A)consumers do not
Q16: The role of _ in the production
Q17: The main reason U.S.farmers can produce more
Q18: Hitler's Germany was an example of a
Q19: The invisible hand is
A)Perfect competition.
B)The profit motive.
C)Government
Q20: Which statement was true about China and
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