Adam Smith believed people are guided by all of the following except ______. a) the profit

Question:

Adam Smith believed people are guided by all of the following except ______.

a) the profit motive

b) self-interest

c) the public good

d) the invisible hand

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Feb 28, 2024 02:02 AM

See More Questions

a. Example 13-1: Batch Reactor with an Exothermic Reaction Wolfram 1. Adiabatic Case: Use Wolfram to see whether you can find a trajectory that is ready to ignite and whose trajectory looks like a...
Describe how Pascal's law is demonstrated in the bottle jack.
A bureaucracy is characterized by all of the following EXCEPT ________. A) highly routine operating tasks B) formalized rules and regulations C) tasks that are grouped into functional departments D)...
Upland Co.'s inventory records showed the following data accounted for in a perpetual inventory system. Date Units Unit Cost June 1 Inventory 1,250 $8.00 June 3 Purchases 2,500 8.40 June 7 Sales (at...
Explain how risk affects corporate financial strategy. Include the following in your answer: Business risk Credit risk Interest rate risk Political risk Reinvestment risk
Presented on the following pages are partial financial statements for the City of Shenandoah, including: Fiscal year 2012: A. Total Governmental Funds: Balance Sheet Statement of Revenues,...
Finalize your marketing plan based on the outline presented in Appendix A.
In a two-dimensional cylindrical configuration the radial (r) and angular () spacing's of the nodes are uniform. The boundary at r = ri is of uniform temperature Ti. The boundaries in the radial...
Robins Hardware is adding a new product in that will require an investment of $1,454,000 Managers estimate that this investment will have a 10-year life and generato net cash inflows of $320,000 the...
The price system is based on _______. a) government regulation (i.e., the government sets most prices) b) the individual whim of the businessperson who sets it c) the feelings of the individual buyer...
Which statement is the most accurate? a) No country could be classified as having a communist economic system. b) It could be argued that every nation has a mixed economy. c) The United States is...
In Chap. 9, we define the stream function for two-dimensional incompressible flow in the xy-plane, where u and v are the velocity components in the x- and y-directions, respectively. (a) What are...
Choose a stock of interest and historical daily data on its closing values for 2009 through October 1, 2010. Use the Excel file S&P 500 to find the beta risk of the stock using simple linear...
Suppose that the electrical potential at the point (x, y, z) is E(x, y, z) = x + y - 2z. What is the direction of the acceleration at the point (1,3,2)?
Draw a demand curve with unitary elasticity every.
Practical Application: You live in a drafty old house that was once owned by your great-grandparents. When the price of home heating oil triples, it now costs over $2,000 a month to heat your house,...
Explain the law of diminishing marginal utility, and give an example to illustrate it.
A firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8....
5. Which of the following is the cheapest for a borrower? a. 6.7% annual money market basis b. 6.7% semi-annual money market basis c. 6.7% annual bond basis d. 6.7% semi-annual bond basis.
Waterloo Industries pays 30 percent corporate income taxes, and its after-tax MARR is 24 percent. A project has a before-tax IRR of 26 percent. Should the project be approved? What would your...

Adam Smith believed people are guided by all of the following except ______. a) the profit

Question:

Step by Step Answer:

Adam Smith believed people are guided by all of the following except c the public good Heres ...View the full answer

Microeconomics

Students also viewed these Business questions