Answer:
provides individuals with freedom of choice.
Explanation:
Adam Smith
is a renowned Scottish economist who wrote "The Wealth of Nations"and established the foundation principles of capitalism.
Capitalism
Is simply defined as an economic system that uses on open competition in a free market, whereby individuals and companies own the means of production and operate for profit.
It gives room for individuals and private businesses to decide most of economic matters. It has led to the development of mercantilism, international trade, rise of the middle class and others.
Benefits of capitalism includes individual freedom is closely related to economic freedom, market economies produce a huge variety of goods and others.
Answer:
$419.95
Explanation:
The computation of the interest income reported is shown below
<u>Year Adjusted basis Interest received Premium Reported </u>
<u> Amortization Interest</u>
1 $11,700 $280 $69.40 $210.60
($280 - $210.60) ($11,700 × 3.6% × 6 ÷ 12 )
2. $11,630.60 $280 $70.65 $209.35
($11,700 - $69.40) ($280 - $209.35) ($11,630.60 × 3.6% × 6 ÷ 12 )
Total $419.95
In that case Rudolph should have investigated before hiring Moe if he has a license for the service. After the service has been rendered and the contract established, it is Rudolph's duty to pay for Moe's services. What Rudolph could do after making Moe's pay is to terminate the employment contract.
Answer:
Import quotas and tariffs cause a decline in economic welfare.
Explanation:
Despite of difference in opinion of economists these are the propositions on which 93 percent of economists agree according to a survey. As for other propositions of economics its hard to chose two random economists agreeing with each other.