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Not between concepts explained in Adam Smith’s Wealth of Nations was the conception which net benefits occur from: (1) specialization and trade according to comparative advantage. (2) the division of labor in production processes. (3) reliance o
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Illustrate “Other Things Equal” Revisited in Supply and Demand, and Equilibrium?
Briefly describe Traditional approach of capital structure?
Explain the markets and prices of the Market System?
How do households dispose of their income?
Provide some sources of not tax revenue? Answer: Escheat, income from public enterprises, special assessment, fees and fines and so on.
Illustrate the characteristics of the Market System?
Describe unequal burdens of unemployment exist?
“The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.” Do you agree?
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