According to Adam Smith, what is the primary source of a nation's wealth?
A. the amount of gold and silver in the government's possession
B. a spirit of cooperation in which people share according to their means
C. strong central planning authorities
D. the people's ability to produce products and trade in free markets
Answer: D
Economics
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The key to sustained economic growth is increasing labor productivity
Indicate whether the statement is true or false
Economics
As the price of a computer falls, overall
a. the marginal utility of computers rises b. the total utility of computers falls c. the total utility per dollar spent on computers falls d. individuals would purchase fewer computers in equilibrium e. individuals would purchase more computers in equilibrium
Economics