Assuming everyone wants to advance their interests in an effective way is an assumption of

A) capitalism.
B) economic theory.
C) government.
D) selfishness.

B

Economics

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The price effect describes the:

A. decrease in the quantity of labor supplied in response to a higher wage. B. increase in the quantity of labor supplied in response to a lower wage. C. increase in the quantity of labor supplied in response to a higher wage. D. increase in the quantity of labor demanded in respond to a higher wage.

Economics

Taxes constitute the difference between GDP and disposable income.

Answer the following statement true (T) or false (F)

Economics