Which of the following taxes is most likely to reduce inequity?

A baseball player who has signed a long-term contract with his club and then constantly says he is injured and cannot play is an example of ________

A) the principal-agent problem B) marginal returns to work C) the law of diminishing returns D) inefficient hiring practices

Adam Smith noted that people are adept at pursuing their own self-interests, and that ____ harnesses this self-interest remarkably well

a. a totalitarian regime b. a market system c. a democratic government d. a closed system