This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 7. Adam Smith wrote, “The degree of the division of labor is limited by the extent of the market.” He concluded that nations should invest in transportation infrastructure. What is another way to extend the market? 8. We live in a world of specialized professions. That reflects what principle of production? 9. Henry David Thoreau claimed that most men “lead lives of quiet desperation.” He saw material abundance as offering escape from this predicament. (T/F) 10. Paul Krugman claims that the French have less wealth than Americans and that therefore their quality of life is lower (T/F)....
View Full Document
This note was uploaded on 06/29/2009 for the course PST 3127 taught by Professor Klein during the Spring '08 term at Georgia Tech.
- Spring '08