During the 1930s, countries closed markets. The effect of these policies was that
A) export industries were better off in most countries.
B) import-competing industries did not gain.
C) the reduction in trade worsened the Great Depression.
D) consumers were better off.
C
Economics
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Adam Smith, in his book, The Wealth of Nations, advocated:
a. socialism. b. an economy guided by an "invisible hand." c. government control of the "invisible hand." d. the adoption of mercantilism.
Economics
Public goods face the
A) principle of rival consumption. B) free-rider problem. C) law of overproduction. D) exclusion principle.
Economics