In 1776 with an inquiry into the nature and causes of the wealth of nations, adam smith challenged the prevailing belief in mercantilist policies. the characteristic of capitalism that buyers and sellers will freely and willingly exchange in market transaction is called
a) profit motive.
b) economic freedom.
c) voluntary exchange.
d) entrepreneurial spirit.

Which of the following is a major difference between appellate courts and courts of first instance? a. appellate courts do not use a jury, only judges.courts of first instance hold appellate jurisdiction exclusively.c. courts of first instance do not use judges and appellate courts do.d. appellate courts hear all criminal and civil cases and courts of first instance do not.