4. (a) The motivating force behind a market economy is individual self-interest. (b) Cooperation among individuals is

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(a) "The motivating force behind a market economy is individual self-interest."

(b) "Cooperation among individuals is the keystone of a market system. Without cooperation there would be no exchange and economic welfare would suffer drastically."

Are these statements true or false? Explain your answer.

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Macroeconomics Private And Public Choice

ISBN: 9780123110701

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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Question Posted: Oct 25, 2024 09:06 AM

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4. (a) The motivating force behind a market economy is individual self-interest. (b) Cooperation among individuals is

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Macroeconomics Private And Public Choice

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