Answer:
The correct answer is option c.
Explanation:
Adam Smith and other economists advocated that in a competitive industry, the total cost is minimized through the actions of the individuals who are pursuing their self-interest. It is not intended or pre-planned.
Adam Smith believed that individuals are led by an invisible hand or market forces to maximize their own profits and lead to the overall welfare of society.
If consumers and producers are allowed to make their decisions freely, it would lead to production and price determination such that all members of the society are benefited.
I think that's false, these questions are weird. they're vague and subjective, not objective. In some places, being critical is important, in others it's important to forgive yourself and just go with the flow. Hope this helps, Robanddawn !
Answer:
False
Explanation:
Stocks are long-term investment vehicles. For long-term investment, the period in consideration is ten years or more. In any given year, stock prices keep on fluctuating.
On average, stocks gain about 7 percent annually. Some years may have negative growth. Other years may have less or more than 7 percent. As the GDP grows, stock prices recover from the dips to continue with growth. Over a long time, as the economy improves, stocks appreciate.
Answer:
C. ""NSF"" checks
Explanation:
Reconciling items are either transactions that have been recorded by the bank but yet to be recorded in the books or transactions recorded in the books but yet to be recognized in the bank statement. As such, to reconcile the bank and book balances, these items are either recognized or derecognized in the books.
Deposits in transit would be subtracted from the books to get the bank balance.
Bank service charge would also be deducted from the books to get the bank balance.
NSF"" checks would be added as it would have been initially deducted from the books but the banks would have refused such check on the basis of insufficient funds.
Collection of a note by bank will be added to the book balance
Answer:
moral of the market
Explanation:
According to my research on the free market, I can say that based on the information provided within the question this is also referred to as the moral of the market. This, like mentioned in the question, is basically the act of thinking about other people as well as what is morally right when dealing with production and selling of goods in a free market.
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