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What is Adam Smith’s role in the history of Economics?Select one:a. He wrote the book “The General Theory of Employment, Interest, and Money after the Great Depression and started the field of Macroeconomicsb. He won the nobel prize in economics for his work on economic growthc. He started the marginal revolution that developed the economic theory of value that we still use todayd. He is considered the father of modern economics and wrote the book “Wealth of Nations” back in 1776.
QuestionNot yet answeredMarked out of 2.0Flag questionQuestion textWhich statement is true about opportunity cost?Select one:2
Question3Not yet answeredMarked out of 2.0
Flag questionQuestion textThe famous book written by Adam Smith is titled:Select one:
QuestionNot yet answeredMarked out of 2.0Flag questionQuestion textWhich statement best describe the possible uses of economics?Select one:4
QuestionNot yet answeredMarked out of 2.0Flag questionQuestion textThe rational choice assumption used in traditional economic models states that:Select one:5a. People will choice the option with the most monetary rewardb. All people have the same basic preferences so people will make the same choice in the same scenarioc. People will always made the right decisiond. A person will use the available resources to best achieve the goals of the person making the choice
QuestionNot yet answeredMarked out of 2.0Flag questionQuestion textWhich is NOT one of the benefits of trade discussed in the textbook?Select one:6
c. Since people’s preferences differ, trade allows goods to move from people that value the less to people that value them mored. Trade increases productivity by allowing specialization in areas of comparative advantage

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Term
Fall
Professor
Olander
Tags
Finance, Corporate Finance, Interest, Economic Development, Adam Smith, The Wealth of Nations, TED, Flag question, Tammy, D Jack, a Brandon

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