Adam Smith believed that the rich derive the most enjoyment from their wealth by knowing that others observe their consumption

Is the United States a command economy, a laissez-faire economy, or neither? Explain

What will be an ideal response?

The demand curve for shares of a stock is typically

a. downward sloping, because people calculate present value according to different expectations and attitudes toward risk b. vertical, because only a fixed number of shares of stock are available c. horizontal, because everyone values the stock according to its present value d. upward sloping, because a higher stock price signals to potential shareholders that the firm is more valuable e. horizontal, because no one is willing to pay more than the market price