Answer:
The correct answer is the option C: For markets to work, people must be free to pursue their self-interest.
Explanation:
To begin with, Adam Smith was a Scottish economist, philosopher and author known as ''The Father os Economics'' and whose works established the basics of today's economics.
To continue, in Smith's most known classic work, ''An Inquiry into the Nature and Causes of the Wealth of Nations'', he established the concept called the <u><em>''invisible hand''</em></u><u> </u>that states that <u><em>in order to the economy to work properly, the people must be free to pursue their self-interest products without no restrictions from the government</em></u>.
The answer is A, to become a bank teller she would only need a high school diploma. Hope this helps!
Answer:
false money and time are worth different amounts. our time on earth is more valuable then money itself.
Answer:
Firms need finance to:
start up a business, eg pay for premises, new equipment and advertising.
run the business, eg having enough cash to pay staff wages and suppliers on time.
expand the business, eg having funds to pay for a new branch in a different city or country.
Answer:
A. Competitive markets face perfectly elastic demand and marginal revenue, while monopolies face downward-sloping demand and marginal revenue.
Explanation:
In the case when competitive firms and monopolies generated at the level in which the marginal cost is equivalent to marginal revenue keeping the other things constant so the price should be less in the competitive market as compared to the monopoly because in the competitive markets it face perfectly elastic demand but in the monopoly it face the down ward sloping demand curve
Therefore the option a is correct