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hoa [83]
3 years ago
7

This 18th century economist coined the term "invisible hand," a metaphor representing the natural forces that drive individuals

to succeed economically, which are the same forces that "invisibly" guide a large economy.this 18th century economist coined the term "invisible hand," a metaphor representing the natural forces that drive individuals to succeed economically, which are the same forces that "invisibly" guide a large economy.
Business
1 answer:
ipn [44]3 years ago
8 0
This 18th-century economist is Adam Smith who is hailed the Father of Economics. In his 1776 book  "An Inquiry Into the Nature and Causes of the Wealth of Nations" Smith argues that society benefits in a free economy in which individuals are motivated by their own self-interest which unintentionally benefits society as a whole. Smith's aim using the term moreover was to attack the mercantilist system which was prevalent during his time. 
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Anne is comparing savings accounts. One account has an interest rate of 1.2 percent compounded yearly, and one account has an in
Lunna [17]
The answer will be 2 the account that earns 1.2% compounded monthly.
8 0
4 years ago
Read 2 more answers
Suppose you invested some money at 8% simple interest for 5 years. if you receive 500 dollars in interest how must money did you
Tasya [4]
You would invest $200.

500 x .08% = 40

40 x 5 = 200
5 0
4 years ago
An insurance agent’s files reveal the following facts about his policyholders: i) 243 own auto insurance. ii) 207 own homeowner
dybincka [34]

Answer: 407

Explanation:

Given the following :

Auto insurance (A) = 243

Homeowners insurance (H) = 207

Life insurance (L) =?

LnH = 55

AnH = 96

AnLnH = 32

total number of the agent’s policyholders who own at least one of these three insurance products = 407

5 0
4 years ago
On April 3rd, Terry purchased and placed in service a building. The building cost $2 million. An appraisal determined that 25% o
Naily [24]

Answer:

$38,640

Explanation:

25% land - $2,000,000*0.25 = $500,000

75% building - $2,000,000*0.75 = $1,500,000

$160,000 buildings and $32,000 business = residential property

=$1,500,000*0.02576

= $38,640

5 0
3 years ago
Both Mia and Mario produce only the item in which they have a comparative advantage. Then they trade one pasta for one pizza. Be
Molodets [167]

The total gains from trade are​ 66 dishes of pasta and​ 66 pizzas an hour.

Explanation:

A calculation of the net income from trade is the amount of the surplus of the customer and the earnings of the manufacturer or, more generally, the enhanced efficiency of the specialization of production with the subsequent export.

Trade gains can also apply to the net benefits of reducing barriers to trade, such as import tariffs, for a region.

To measure the income, take the price at which you sell the investment and deduct from it the price you originally charged for it. Now that you've got the income, split the income by the original value of the investment. Finally, subtract the response by 100 to adjust the percentage of your investment.

4 0
3 years ago
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