Multiple Choice
Which statement was coined by Adam Smith?
A) By pursuing his own interest,he frequently promotes that of the society more effectually than when he really intends to promote it.
B) The factory owner,by paying his workers meager wages,is able to use this surplus to buy more capital goods.
C) The foundation of our economic system is socialist ownership of the means of production in the form of state property and collective farm and cooperative property.
D) None of these statements were coined by Adam Smith.
Correct Answer:

Verified
Correct Answer:
Verified
Q174: All of the following describes Nazi Germany's
Q175: Which statement is true?<br>A)Russia has embraced capitalism
Q176: In a pure capitalist economy,"what to produce"
Q177: In the former Soviet Union,<br>A)the collective farms
Q178: Karl Marx and Friedrich Engels believed that
Q180: Which of these is NOT an example
Q181: Which statement is the most accurate?<br>A)Ordering a
Q182: In the 1980s,_ strictly adhered to the
Q183: In the former Soviet Union distributing scarce
Q184: Lack of the provision of public goods