The idea that only the government can organize economic activity in a way that promotes economic well-being fora country as a whole
a. is a basic principle regarding individual decisionmaking.
b. amounts to a denial of one of the basic principles regarding interactions among people.
c. supports the idea that the "invisible hand" should guide economic activity.
d. was promoted by the economist Adam Smith in a well-known 1776 book.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The idea that only the government can organize economic activity in a way that promotes economic well-being fora country as a whole a. is a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Holliday Company's inventory records show the following dа ta: Units Unit Cost Inventory, January 1 5,000 $9.00 Purchases: June 18 4,500 8.00 November 8 3,000 7.00 A physical inventory on December 31 shows 2,000 units on hand.
Answers (1)
The Ryan Express, provider of tax services, starts operations on 1/1/17. Now that the company has been in business for more than a year, the controller is assembling financial statements for the year ended 12/31/17.
Answers (1)
Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process.
Answers (1)
Assume the total cost of a college education will be $325,000 when your child enters college in 16 years. you presently have $40,000 to invest and do not plan to invest anything further.
Answers (1)
Economic systems must answer the three economic questions because resources are scarce. a. True b. False
Answers (1)
New Questions in Business
True or False: The statistical difference between a process operating at a 5 sigma level and a process operating at a 6 sigma level is markedly different when it comes to the number of defects present.
Answers (1)
When senior managers of a construction firm gather information to evaluate whether supply trends will have a significant effect on the cost of materials, they are contending with the nature of the business environment. A. True B. False
Answers (1)
Kathy, a fashion model, witnessed a motor vehicle accident but did not stop because she was late for her pedicure and simply didn't want to get involved.
Answers (1)
Mr. Isaac is lending Gh₵20000 to Mr. Hayford, to be repaid over five years. Mr. Isaac would like to effect a policy on Mr. Hayford's life to cover the loan should Mr. Hayford die. Mr. Hayford would like to insure Mr.
Answers (1)
A business owner makes 50 items by hand in 40 hours. She could have earned $20 an hour working for someone else. Her total explicit costs are $200. If each item she makes sells for $15, her economic profit equals what?
Answers (1)