In the DVCs, underemployment frequently takes the form of:
A. factory workers who are working longer hours than they would prefer.
B. workers who are employed inefficiently in small industry when they could be highly productive in agriculture.
C. farmers whose productivity is very low.
D. craft workers and artisans who are replaced by simple machinery and equipment.
C. farmers whose productivity is very low
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Adam Smith wrote that the:
a. economic problems of eighteenth-century England were caused by free markets. b. government should control the economy. c. pursuit of private self interest promotes the public interest in a market economy. d. public or collective interest is not promoted by people pursuing their self interest.
You hear an economist state the following: "The increase in the money supply will causes price to rise in the long run and will have no effect on output or any other real factors.". This economist is expressing the principle of _____
Fill in the blank(s) with correct word