According to Adam Smith, the success of decentralized market economies is primarily due to
a. the basic benevolence of society.
b. society's legal system.
c. individuals' pursuit of self-interest.
d. partnerships that are forged between business and government.
c
Economics
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Taco Bell produces both tacos and burritos because when it does so, Taco Bell experiences
A) economies of scope. B) decreasing scope of costs. C) increasing normal profit. D) economies of scale.
Economics
The legislation that separated investment banking from commercial banking until its repeal in 1999 is known as the
A) National Bank Act of 1863. B) Federal Reserve Act of 1913. C) Glass-Steagall Act. D) McFadden Act.
Economics