Which of the following is a basis upon which some criticize Smiths Wealth of Nations? F. Market
Question:
Which of the following is a basis upon which some criticize Smith’s Wealth of Nations?
F. Market prices should not include profit.
G. Commercial transactions need to benefit both participants.
H. Falling market prices reduce the stock of products that have excess production.
J. Exorbitant self-interest is unethical.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (6 reviews)
The best answer is J Those people who criticize the Wealth of Nations ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
MCQ questions: 1. An increase in oil prices, such as the oil shocks in the 70s, lead to _______ thereby causing ________ a movement along the AS curve; cost-push inflation a leftward shift in the AS...
-
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
-
Is it possible to produce an iron-carbon alloy that has a minimum tensile strength of 690 MPa (100,000 psi) and a minimum ductility of 40%RA? If so, what will be its composition and microstructure...
-
On January 13, 2013, Precision Oil Company purchased a drilling truck for $90,000. Precision expects the truck to last five years or 200,000 miles, with an estimated residual value of $15,000 at the...
-
Use the data in Exercises 9-27 and 9-28 to analyze the accounts receivable turnover ratios of the Campbell Soup Company and American Eagle Outfitters, Inc. a. Compute the average accounts receivable...
-
NOPAT is the amount of net income a company would generate if it had no debt and held no financial assets. NOPAT is a better measure of the performance of a company's operations because debt lowers...
-
Consider the following situations for Kirkland Welding Services: a. Depreciation for the current year includes equipment, $2,700. b. Each Monday, Kirkland pays employees for the previous weeks work....
-
Compute conversion costs given the following data: direct materials, $ 3 6 2 , 3 0 0 ; direct labor, $ 2 0 8 , 2 0 0 ; factory overhead, $ 1 8 8 , 4 0 0 and selling expenses, $ 3 9 , 4 0 0 . a . $ 1...
-
As it is used in the passage (lines 4445), the phrase magnum opus most nearly means: A. Crowning achievement. B. Manuscript. C. Attitude. D. Community improvement.
-
It can be inferred that the word benevolence, as it is used in line 6, primarily refers to: A. A penchant for performing generous acts. B. Formal or obligatory politeness. C. Having a stubborn...
-
St. Lawrence, Brasfield, Shirley, Jefferson, Alleyne, and OBrannon (1995) investigated the effects of an eight-week Behavioral Skills Training (BST) program aimed at reducing the risk of HIV...
-
Several months ago, XYZ entered into a long forward contract on an asset with no income. XYZ agreed to pay $30 to seller at maturity. Today, the contract matures in 7 months. The risk-free rate with...
-
What are some potential benefits to companies of paying executives with stock options? What are some potential risks to companies of paying executives with stock options?
-
Suppose Nova Scotia Power (NSP) deploys thousands of smart meters in the province to collect power usage from respective homes. Then, NSP transports those over communication networks to a repository....
-
The following information pertains to Anni Corporation's Material WW Annual Usage25,200 Working days per year360 Normal lead time in working days30 Safety Stock1,050 How many days of delay is being...
-
Your close friend plans to become an investor. He is a good mathematician but lacks financial knowledge and experience. What could you advise to him (with respect to your knowledge of portfolio...
-
Juno Corporation had ordinary taxable income of $127,000 in the current year before consideration of any of the following property transactions. It sold two blocks of stock held for investment. One...
-
The population of Detroit, Michigan, decreased from 1,027,974 in 1990 to 688,701 in 2013 (Source: U.S. Census Bureau). Find the average rate of change in the population of Detroit, Michigan, over the...
-
Carlos inherits 100 shares of Allied Corporation stock from his father. The stock cost his father $8,000 and had a $25,000 FMV on the date of his fathers death in 2016. The alternate valuation date...
-
Sally and Tom are married, have three dependent children, and file a joint return in 2016. If they have adjusted gross income (AGI) of $90,000 and itemized deductions of $10,000, what is their...
-
The Bruin Corporation, a C corporation, is owned 100% by John Bean and had taxable income in 2016 of $500,000. John is also an employee of the corporation. In December 2016, the corporation has...
-
Standard Costing at Ford Values: Cost Element Standard Cost Actual Cost Material Cost $15 per unit $14.50 per unit Labor Cost $35 per hour $37 per hour Requirements: Calculate the material price...
-
Calculate Return on Equity (ROE): Requirements: Using the following figures: Net Income: $90,000 Average Equity: $600,000 Compute the return on equity (ROE). Express ROE as a percentage. Provide the...
-
Company UVW produces a single product with a selling price of $10 per unit. Fixed costs, such as rent and insurance, amount to $80,000, while variable costs, including raw materials and direct labor,...
Study smarter with the SolutionInn App