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Question
According to Adam Smith, the surest way to achieve societal well-being was to ________.
a) facilitate centralized decision making and allow the government to decide on behalf of individuals
b) place resources in the hands of individuals and allow them to transact in markets
c) encourage public ownership of resources
d) rely on goodwill rather than profit incentives
Answer
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Related questions
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b) microfinance
c) micropatronage
d) fair trade movement
Q:
TMX, a manufacturing company based in the U.S. decides to expand to emerging market countries in Africa. The company uses individualized incentives to motivate employees in its new branches but find that such incentive programs are not working. Which of the following is the most likely explanation for its failure?
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b) The demand side of corruption is high.
c) The collectivist culture of the country is hostile to such incentive programs.
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a) the persecution of the aged
b) persecution of religious minorities
c) the increasing economic inequities in the Chinese society
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a) mutual recognition
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a) interest group formation
b) legislation
c) administration
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a) competitors; customers
b) customers; suppliers
c) government; markets
d) markets; buyers
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a) Congress
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a) managers
b) clerks
c) lobbyists
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