Which of the following measures can give some indication of the quality of life in an economy?
A. Child mortality
B. Literacy rates
C. Life expectancy
D. All of these help to assess quality of life.
D. All of these help to assess quality of life.
Economics
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According to Adam Smith, a person should never attempt to make at home
A. what it will cost him more to make than to buy. B. everything one person needs to live. C. what one doesn't know how to make. D. any necessity of life.
Economics
When an activity results in the creation of external benefits, markets will produce more than the socially optimal level of that activity
a. True b. False
Economics