According to the authors of your text,
A) society could continue to exist even if people were totally selfish.
B) genuine concern for the well-being of others is essential if any social cooperation at all is to occur.
C) anarchism, or a society without a coercive government, is the only socio-political system consistent with free markets.
D) rules are necessary for government institutions, but not for market institutions.
B
You might also like to view...
The Fed attempts to affect the level of borrowed reserves by
A) changing the discount rate. B) changing legal reserve requirements. C) open market sales. D) open market purchases.
Which of the following explains the effect of prices on profits in the short-run?
a. The direct relationship between aggregate quantity demanded and national output. b. The direct relationship between aggregate quantity supplied and the price level. c. The inverse relationship between aggregate quantity demanded and national output. d. The inverse relationship between aggregate quantity supplied and profits. e. The inverse relationship between aggregate quantity supplied and national output.