According to Adam Smith
A) government intervention in markets is not desirable because an invisible hand leads decisions made in pursuit of self-interest to unintentionally promote the social interest.
B) politicians are well-equipped to regulate corporations and intervene in markets to improve market outcomes.
C) when big corporations pursue their self-interest of maximum profit, they will inevitably conflict with social interest.
D) in a market transaction buyers can either get what they want for less than they would be willing to pay or sellers can earn a profit, but both buyers and sellers can't gain simultaneously.
A
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Refer to the scenario above. What will be the GDP per capita of country B at the beginning of year 2012?
A) $2,555.15 B) $28,82.85 C) $2,450.65 D) $2,646
In the long run, an increase in FDI in the manufacturing sector will __________ the return to capital in the ____________ sector(s).
a. decrease; agriculture b. increase; manufacturing c. decrease; manufacturing d. not change; manufacturing or agriculture