Self-interest theory demonstration by Adam Smith

The model of _____ was demonstrated by _____ along with the quote, “The loss of a small finger would remain the average European by sleeping which night, ... but, given he never observed them, he will snore with the most profound security over the loss of millions of his brethren.” (1) opportunity cost; John Maurice Clark (2) self interest; Adam Smith (3) scarcity; Thorstein B. Veblen (4) social security; George Bush (5) the Privacy Act; Bill Clinton

Hello guys I want your advice. Please recommend some views for above economics problems.

View Complete Question

Related Questions in Business Economics

Q : Describe the Slope of a nonlinear curve

Describe the Slope of a nonlinear curve?

Q : Illustrate the 4th role is the

Illustrate the 4th role is the reallocation of resources?

Q : Capitalism-Tightly regulate business I

I have a problem in economics on Capitalism-Tightly regulate business. Please help me in the following question. The govt. in a purely capitalist state would not: (1) Find out the property rights. (2) Enforce contracts among private parties. (3) Offer

Q : Business Strategies Cingular and Alltel

Cingular and Alltel involve in aggressive and expensive advertising for cell-phones. A reason for this advertising may be: (1) attempts to increase market share. (2) predatorily drive other firms by the market. (3) to increase the use of cell phones.

Q : Formally adopt inflation targeting

Question: Why might it be difficult for the Fed to formally adopt inflation targeting? Would inflation targeting be a good policy for the Fed in the present economic environment? Answer:

Q : What are the benefits and costs of

What are the benefits and costs of Marginalism?

Q : Problem regarding to taxes and market

The new supply and demand curves within University City are S0 and D0. But after the county commission imposed a $3 per six-pack excise tax upon beer, monthly sales of six-packs: (w) fell to 10,000, and buyers paid $6.50 each, bu

Q : Categorization of economists for buying

Assume that you bought a ton of gold in Santiago, and Chile for $450 per ounce and immediately sold all of this in Antwerp, Belgium for $480 per ounce. Therefore economists would categorize your movement as: (i) arbitrage. (ii) scalping. (iii) screening. (iv) speculat

Q : Market Apparent program For the

For the question below, utilize the given information. The market for gizmos is competitive, with an increasing sloping supply curve and a downward sloping demand curve. With no govt. intervention, the equilibrium price is $25 and the equilibrium quantity is 10,000 gi

Q : Characteristics of Perfectly

Perfect competition is characterized by all of the following except w) heavy advertising by individual sellers. x) homogeneous products. y) sellers are price takers. z) a horizontal demand curve for individual sellers.

Discover Q & A

Leading Solution Library

Avail More Than 1425589 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1929852
Asked

3,689

Active Tutors

1425589

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment