For Adam Smith, commercial society is characterized by
A) private property rights.
B) specialization in production.
C) voluntary exchange.
D) all of the above.
D
Economics
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In Brown v. Topeka Board of Education, the Supreme Court established that
A) "separate educational facilities are inherently unequal." B) "educational facilities must remain segregated for the good of the majority." C) "educational facilities in the United States are not sufficiently segregated to require any government action." D) "individual states have the right to segregate educational facilities as they see fit."
Economics
If the absolute price elasticity of demand is 2.0, a 10 percent decrease in price will increase quantity demanded by
A) 10 percent. B) 20 percent. C) 5 percent. D) 12 percent.
Economics