13 Which of the following is an important premise of Smith's conclusions about economic prosperity? A Understanding the concept of survival of the fittest will lead to prosperity. B Individual freedom is necessary if a society is to prosper. C Determining what motivates people will lead to prosperity. D Command economies and structured markets must be in place before we can work toward prosperity.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section: Chapter Questions
Problem 9PA
icon
Related questions
Question
13 Which of the following is an important premise of Smith's conclusions about economic prosperity?
A Understanding the concept of survival of the fittest will lead to prosperity.
B Individual freedom is necessary if a society is to prosper.
C Determining what motivates people will lead to prosperity.
D Command economies and structured markets must be in place before we can work toward prosperity.
Transcribed Image Text:13 Which of the following is an important premise of Smith's conclusions about economic prosperity? A Understanding the concept of survival of the fittest will lead to prosperity. B Individual freedom is necessary if a society is to prosper. C Determining what motivates people will lead to prosperity. D Command economies and structured markets must be in place before we can work toward prosperity.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Trade Restrictions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax