Invisible hand
What will be an ideal response?
doing things in your own self- interest that also benefits society
*causes natural order not central planning
Economics
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Refer to the above figure. Suppose the economy had been at point A and now is at B. What could have caused the movement to B?
A) Unusually good weather causes the wheat crop to be larger than normal. B) Both the labor force and the population increased. C) Winter storms cause factories in the north to be shut down for several weeks. D) Government spending increased causing aggregate demand to increase.
Economics
How can a warranty at the seller's expense signal that a product is of high quality?
What will be an ideal response?
Economics