Multiple Choice
According to Adam Smith, the "invisible hand" will create a situation where
A) Business owners will prefer investing in their own country to investing in foreign countries.
B) Business owners will not care whether they invest at home or abroad.
C) Business owners will prefer to invest in projects that they already invested in before.
D) Business owners will only invest in projects that the King endorses.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: In early economies, goods were often exchanged
Q5: What is the difference between microeconomics and
Q6: Business cycles<br>A) occur in every type of
Q7: The most important work of classical economic
Q8: Capitalist economic institutions were fully developed in
Q9: The philosophy of leaving and allowing the
Q10: The Great Depression occurred<br>A) during the 1890s
Q11: An economy in which most output is
Q13: What is a bank panic?<br>A) Bankers become
Q14: According to conservative economists, how does the