Social Studies, 22.11.2020 06:30 gissellesolorza
Which of the following statements best reflects the economic views of Adam Smith as discussed in his book, The Wealth of Nations? A. Competition is not a motivating factor for producers in any economy.
B. Capitalism is a dangerous philosophy that only favors the wealthy.
C. The purpose of producing goods is to satisfy customers.
D. In a healthy economy, everyone will earn the same pay and the government will control prices.
Answers: 2
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Which of the following best summarizes the idea represented by this graph?
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The graph represents price and output quantities under a monopoly what price will the monopolist firm set
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Your competitor is called create your own yogurt, and it uses artificial flavors that customers use to create their own yogurt. in the lesson, you learned about three techniques businesses can use to compete with one another. in two to three sentences, explain how you will address each area of competition to make your business successful against this competitor.
Answers: 1
Which of the following statements best reflects the economic views of Adam Smith as discussed in his...
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