Multiple Choice
Much of the writings of Adam Smith are in close agreement with
A) the necessity of trade restrictions.
B) the first fundamental theorem of welfare economics.
C) the second theorem of welfare economics.
D) both B and C above.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: A Pareto optimum requires all of the
Q3: In a competitive equilibrium all these relationships
Q4: An increase in government spending<br>A) increases consumption
Q5: In a general equilibrium model<br>A) all markets
Q6: An increase in total factor productivity<br>A) increases
Q7: The Laffer curve is a curve showing<br>A)
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Q9: A competitive equilibrium is Pareto optimal if
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