--%>

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.

   Related Questions in Business Economics

  • Q : Circular flow model of the private

    I have a problem in economics on Circular flow model of the private sector. Please help me in the following question. The simple circular flow model of private sector doesn’t comprise: (i) Firms. (ii) Product markets. (iii) Government agencies.

  • Q : Illustrate how Macroeconomics examines

    Illustrate how Macroeconomics examines the economy as a whole?

  • Q : Introduction of the term Cost of

    Give a brief introduction of the term Cost of preference shares?

  • Q : How is productivity of labor based

    In Wealth of Nations by Adam Smith, opined that the productivity of labor based primarily on: (w) workers’ education. (x) divisions of labor. (y) technologically advanced machines. (z) suitable wage rates.

    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 : Adopting policy of paying efficiency

    The expected losses to workers by shirking are increased while a firm adopts a policy of: (1) dividing productive tasks therefore the division of labor is optimal. (2) paying efficiency wages that exceed market-clearing wages. (3) avoiding legal liability from not wri

  • Q : Heterodox perspective of business

    I am facing difficulty in this question. Help me in find out correct answer of this economy based question. From heterodox perspective, why do business enterprises choose administered prices as opposed to highly flexible prices?

  • Q : Write short note on Demand Write short

    Write short note on Demand, Supply and Equilibrium?

  • Q : Describe World Trade Organization

    Describe World Trade Organization (WTO)?

  • Q : Explain the foundation of economics

    Explain the foundation of economics where society’s material wants are unlimited?