Examlex

Solved

How Did the Imperial Academy,established in 124 B

question 26

Multiple Choice

How did the Imperial Academy,established in 124 B.C.E.by Emperor Wu, prepare men for positions in government?


Definitions:

Invisible Hand

A concept introduced by Adam Smith to describe how individuals’ self-interested actions can lead to positive social and economic outcomes for the community as a whole.

Self-Interest

An individual’s actions and decisions motivated by personal gain or benefit.

Public Interest

Denotes the well-being of the general public and the consideration of what is beneficial for society as a whole.

Economic Profits

Profits exceeding the opportunity costs of all inputs, indicating a return beyond the norm expected in the market or industry.

Related Questions