According to Adam Smith, how does productivity, the division of labor, and the invisible hand impact the economy?

Answers

Answer 1
The concept of the "invisible hand" was explained by Adam Smith in his 1776 classic foundational work, "An Inquiry into the Nature and Causes of the Wealth of Nations." It referred to the indirect or unintended benefits for society that result from the operations of a free market economy.


Smith, considered to have founded modern economic theory in the late 18th century, was no fan of widespread government regulation of the economy. He even went so far as to defend smuggling as a natural, legitimate part of the economy.


His "laissez-faire," or free-market, theories are primarily embraced by the supply-side Milton Friedman school of economic thought. Those theories stand in contrast to the 19th century demand-side Keynesian economic theories that became increasingly predominant in shaping the economic policies of western governments since the 1930s and the Great Depression.

Related Questions

This Ardabil carpet from 16th-century Persia was labor-intensive because it used the ______ technique, in which segments of wool were tied to a woven ground

Answers

Answer:

knotting

Explanation:

This Ardabil carpet from 16th-century Persia was labor-intensive because it used the knotting, in which segments of wool were tied to a woven ground.

why did most major world powers promise not to intervene in the spanish civil war, and why germany and italy were willing to get involved?

Answers

Most major world powers promised not to intervene in the Spanish Civil War because they saw it as an internal conflict within Spain and did not want to become involved in another European war so soon after the devastation of World War I.

They also feared that intervention could lead to a wider conflict between the major powers, as each had their own interests and alliances in the region.

However, Germany and Italy were willing to get involved because they saw an opportunity to support the fascist forces led by General Francisco Franco, who was seeking to overthrow the democratically elected government of Spain. Hitler and Mussolini saw Franco's victory as a way to gain a foothold in the strategically important Iberian Peninsula and expand their influence in Europe.

Germany and Italy provided military support to Franco's forces, including troops, weapons, and supplies, while the Soviet Union provided support to the Republican forces. This led to a proxy war between the major powers, with each side supporting opposing factions in the conflict.

Thus, Germany and Italy were willing to get involved in the Spanish Civil War because they saw it as an opportunity to advance their own interests and gain influence in Europe, while other major powers sought to avoid involvement in another conflict.

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Former president of the Republic of Texas, Sam Houston, was strongly in favor of Texas's secession from the Union.
True or False

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False, San Felipe de Austin was the first capital. Texans regarded US Americans to be inferior and refused to be a part of their country. Unlike the United States Constitution, which contains less than 8,000 words, the Texas Constitution has nearly 80,000 words.

All males were awarded suffrage. Texas was thinly inhabited, and the few Mexican farmers and ranchers who resided there were constantly threatened by hostile Indian tribes, particularly the Comanche, who supplemented their hunts with attacks on horses and cattle.

Texas had sought annexation by the United States since its independence. However, due to political differences over slavery, the process took over ten years.

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between 1890 and 1910, incomes in the united states select one: a. rose for almost all americans. b. declined for most unskilled workers. c. remained the same for most americans. d. increased for white americans, but decreased for most other ethnic groups. e. grew more unequal, while the middle class shrunk.

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A salary is the payment that an employer makes to a worker for work completed within a certain amount of time.

In order to prevent an employer from abusing their position and to Pay through salary contrasts with salaried work, where the company can pay a set amount at regular intervals (such as once a week or once a month) regardless of the number of hours worked, with commission, which bases pay on individual performance, and with repayment wholly based on the performance of the company as a whole. Wage workers may also receive tips or gratuities all at once from clients and worker benefits, which are non-economic forms of compensation. Wages are one of the costs that can be problematic while running a business. Regardless of the agency's success, it is still an obligation to the employee.

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state David Ausubel's theory of 1963 ​

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Answer:

He argued that there is a hierarchical organization of knowledge and that new information can be incorporated into the already existing hierarchy.

Ausubel's theory is concerned with how individuals learn large amounts of meaningful material from verbal/textual presentations in a school setting (in contrast to theories developed in the context of laboratory experiments). ... Organizers act as a subsuming bridge between new learning material and existing related ideas.Nov 30, 2018
Fields: Psychology, Educational Psychology
Known for: Advance Organizers

Low levels of corruption 7. Freedom of the press 8. Respect for human rights Your task is to write a paragraph explaining which factor you think is MOST important to achieving peace in a na important; you must choose one that you believe ranks above the rest. lling Include the following 3 items in your paragraph: ● 1 sentence stating which factor you believe to be most important • 2-3 sentences explaining what that factor means (provide a definition, examples, or both) • 2-3 sentences explaining why you believe it is the most important one Example Format: I think the most important factor for peace is ... < Back Activity 1.5.1 - Summary Response: Is Peace Possible? Week 1- Assignment 5 of 10​

Answers

Answer:

I believe that respect for human rights is the most important factor in achieving peace in a nation. Respect for human rights refers to the recognition and protection of the fundamental rights and freedoms of all individuals, regardless of their race, religion, gender, or any other characteristic. It means ensuring that every person is treated with dignity, has equal opportunities, and is free from discrimination, violence, and oppression. Respect for human rights is crucial because it forms the foundation of a just and harmonious society. When human rights are respected, people are empowered to express their opinions, participate in decision-making processes, and live a life free from fear and injustice. By upholding human rights, a nation can address the root causes of conflicts and foster an environment of understanding, tolerance, and social cohesion, leading to sustainable peace.

Yes, peace is possible. While achieving and maintaining peace may be a complex and ongoing process, it is an attainable goal for individuals, communities, and nations. Peace is not merely the absence of conflict but also the presence of harmony, understanding, and cooperation among people. It requires efforts to address the root causes of conflicts, promote dialogue, and foster reconciliation. Peace can be achieved through diplomacy, negotiations, mediation, and the establishment of institutions and frameworks that uphold justice, human rights, and equality. It also requires a commitment to non-violence, tolerance, and respect for diversity. While peace may face challenges and setbacks, history has shown that it is possible for societies and nations to overcome conflicts and build a peaceful coexistence. With collective efforts, goodwill, and a shared vision, peace can be pursued and achieved at various levels, from interpersonal relationships to global affairs.

Creating uniformity is a recurring theme throughout the Articles of the 1944 Convention on International Civil Aviation, and the subsequent Annexes developed by the various ICAO work groups and panels.
Do a review of the Article and Annex series and answer the following question by means of a report:
How is the theme of uniformity instrumental in ICAO’s pursue of its vision, mission and strategic objectives?
Illustrate your answer through the use of examples, real-life events, statistics, implementation strategies or monitoring mechanisms.

Answers

The theme of uniformity plays a crucial role in ICAO's pursuit of its vision, mission, and strategic objectives by fostering harmonization and standardization in international civil aviation.

Uniformity in safety and security standards helps establish a common framework for aviation practices worldwide. Uniformity in air traffic management systems and procedures facilitates efficient and seamless movement of aircraft across national borders.

The aviation industry can address climate change and lessen its environmental impact thanks to uniform environmental regulations and procedures. A level playing field for all stakeholders is provided by uniform aviation legislation and standards. It enables honest competition, prevents fragmentation of the regulatory framework, and encourages the constant fulfillment of international commitments.

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persuasive argument two paragraphs for the dark sideof American...
persuasive argument two paragraphs for the dark sideof American history from reconstruction to the present.

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The dark side of American history from Reconstruction to the present is one of systemic racism, economic inequality, and a decline in civil rights.

Reconstruction allowed African Americans to gain civil rights, only to have them eroded during the Jim Crow era with state laws that perpetuated segregation and injustice. The legacy of slavery and racism have lingered, with implications seen today in the educational gap, income disparity, and criminal justice system.

Additionally, economic inequality has expanded over the years and persists today, with the wealthiest Americans making as much as the poorest 50%. This gap furthers the divide between those already struggling and those with the resources to enjoy the American Dream.

Finally, civil rights campaigns such as the civil rights movement of the 1960s has witnessed a decline in recent decades through restrictive voting laws, discriminatory practices, and a rise of illegal immigration. These issues, and their resulting repercussions, continue to haunt America’s history from Reconstruction to the present.

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suppose that a civilization is never able to build spacecraft that can travel faster than a few percentage of the speed of light. could they still colonize the galaxy? why or why not?

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No, a civilization that can't build spacecraft that can travel faster than a few percentage of the speed of light cannot colonize the galaxy.

This is because it would take far too long to travel between stars and to reach other galaxies. Even with the closest star to our sun being about 4.2 light-years away, it would take over 80 years to reach it with a spacecraft traveling at 5% of the speed of light.

Therefore, with such technology, it would take thousands, or even millions, of years to travel to other parts of the galaxy, and the civilization would likely die out long before they reach any other habitable planets in other parts of the galaxy. Thus, it is virtually impossible to colonize the galaxy with spacecraft traveling at such low speeds.

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3. Senators, representatives, and the president have very important and powerful jobs.

What evidence from the text best supports this conclusion?

A. Senators, representatives, and the president are all elected by the public.

B. Senators and representatives are members of Congress.

C. They can make or change laws that affect everyone in the U. S.

D. Senators, representatives, and the president are all public servants.



Someone pls is for today :(

Answers

The answer is C. It shows that Senators and Representatives are powerful and important.

What circumstances enabled Hulagu to expand the Il-Khanate?

Answers

How did Hulagu establish the Ilkhanate?

An observatory was built on a hill of Maragheh. Taking over from Baiju in 1255, Hulagu established Mongol rule from Transoxiana to Syria. He destroyed the Nizari Ismaili state and the Abbasid Caliphate in 1256 and 1258 respectively. In 1258, Hulagu proclaimed himself Ilkhan (subordinate khan).

Why was Hulagu Khan important?

The grandson of Genghis Khan Hulagu Khan received the western provinces of the Mongol Empire. Hulagu Khan conquered Persia, eliminated the Abbasid caliphate, destroyed Baghdad ( a city of a million inhabitants), and established the Mongol empire of the Il-Khans in Persia.

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How did King George iii colonize America

Answers

Answer:

hi...

Explanation:

On October 7, 1763 King George issued a proclamation that didn't allow colonist to settle west of the Appalachian Mountains. King George wanted to placate with the native Americans who sided against him during the seven years' war.

hope this helps!

Which of the following is true about the House of Burgesses? It included women, slaves, and indentured servants. It was controlled by the king. It allowed a degree of self-rule.

Answers

Answer:

C

It allowed a degree of self-rule

Explanation:

Hope this helps :)))))

Answer:

it's c. It allowed a degree of self-rule.

Explanation:

i just took the quiz on edge 2021.

Which of the following bodies was the first representative institution to convene during the colonial period in America?

Answers

Answer:

July 30 to August 4, 1619 the General Assembly was the first representative governing body to meet in North America, or anywhere in the Americas, and has continued to meet to the present day.

Explanation:

Who would fight his friend? He'd have to be good-for-nothing, senseless, yes, to challenge his host and come to grips in games, in a far-off land at that." *

Answers

Answer: Ah, the good old quote from Odysseus to Ancinous after his invitation to fight.

Explanation:

the changes in world carbon dioxide emissions and the world forested area reflect which of the following twentieth century historical contexts?

Answers

The changes in world carbon dioxide emissions and the world forested area reflect the historical context of increasing industrialization and economic growth in the twentieth century, leading to increased levels of carbon emissions and deforestation as a result of land-use change and resource exploitation.

These trends are closely linked to global population growth, technological advancements, and changing societal values regarding the environment and natural resources. Additionally, they reflect the growing awareness and concern for climate change and environmental degradation, prompting international efforts to mitigate greenhouse gas emissions and promote sustainable land use practices.
The changes in world carbon dioxide emissions and the world forested area reflect the industrialization and deforestation trends of the twentieth century historical context. These trends include the rapid growth of industries, increasing energy consumption, and expanding human settlements, which led to the depletion of forested areas and an increase in carbon dioxide emissions.

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which is true regarding the neolithic period? development of weapons domestication of the dog dwellings constructed primitive writing

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The Neolithic Period is the period in human history that began around 10,000 BC, and ended around 4,000 BC.

It is characterized by the development of more efficient tools and weapons, the domestication of animals, the construction of dwellings, and the emergence of primitive writing systems. During this period, humans transitioned from a hunter-gather lifestyle to an agricultural lifestyle, which allowed for a more settled way of life.

This led to the emergence of villages and cities, and laid the foundation for modern civilization. Through the development of tools and weapons, humans were better able to protect themselves and acquire resources to sustain themselves. The domestication of animals allowed for better control of animals and their resources, as well as an increased food supply.

The construction of dwellings provided shelter and allowed humans to establish permanent settlements. Finally, the development of primitive writing systems allowed humans to record and communicate information in a more efficient way.

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1st ruler of the Safavid. He seized much of _____ and _____.

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1st ruler of the Safavid. He seized much of modern-day Iran and Azerbaijan.

The first ruler of the Safavid Empire was Shah Ismail I, who reigned from 1501 until 1524.

He was a charismatic and religiously fervent leader who was able to unite the various Turkic and Persian tribes of the region under his banner. Ismail I was a devout Shi'a Muslim, and he made Shi'ism the state religion of his empire.

He was also a capable military leader and used his armies to conquer much of modern-day Iran and Azerbaijan, establishing the Safavid dynasty as a major power in the region.

Ismail I's reign was marked by a strong emphasis on cultural and artistic development, and he is remembered as one of the most important figures in Persian history.

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8) WHAT WERE THE FIRST TWO POLITICAL PARTIES FORMED IN THE UNITED STATES? ____________________, ____________________

Answers

Answer:

The federalist party

and the democratic-republican party

Explanation:

Answer:

I think the answer would be federalist party and anti federalist party.

Explanation:

It's essentially the same thing as our current republican and democratic parties today, but slightly tweaked over time, to give us our two current parties, so not quite the same, but pretty dang similar. Those are the first two parties ever though.

I hope this helps, mark brainliest if it did please?

I NEED THIS DONE ASAP
Which of the following best describes a Greek polis?
1: a temple for worshipping gods and goddesses
2: a marketplace where merchants peddled their wares
3: a walled fortress built to defend against enemies
4: a capital city with its surrounding countryside and villages

Answers

Answer:

Explanation:

4: a capital city with its surrounding countryside and villages

Emerald bout 50 pineapples at 50coins each and sold the for $31. 0. Calculate the profit on the 50 pineapples

Answers

Emerald's profit on the 50 pineapples can be calculated by subtracting the total cost of purchasing the pineapples from the total revenue generated from their sale.

To calculate the profit on the 50 pineapples, we need to determine the total cost and the total revenue. Emerald bought 50 pineapples at a cost of 50 coins each, resulting in a total cost of 50 coins x 50 pineapples = 2500 coins.

Emerald then sold the pineapples for $31.00. Since the currency is not specified, let's assume it is in dollars. Therefore, the total revenue from the sale of the pineapples is $31.00.

To calculate the profit, we subtract the total cost from the total revenue: $31.00 - $2500 = -$2469.00.

The negative value indicates a loss rather than a profit. In this case, Emerald incurred a loss of $2469.00 on the 50 pineapples.

It's important to note that the profitability of the transaction depends on various factors such as the initial cost of the pineapples, additional expenses (e.g., transportation, packaging), and the selling price. Without more information, we can only calculate the profit/loss based on the given figures.

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The profit on the 50 pineapples is $6.00.Emerald bout 50 pineapples at 50coins each and sold the for $31. 0.

To calculate the profit on the 50 pineapples, we need to determine the total cost of purchasing the pineapples and subtract it from the total revenue generated from selling them.

given:

number of pineapples bought: 50

cost of each pineapple: 50 coins

total revenue from selling: $31.00

step 1: calculate the total cost of purchasing the pineapples:

total cost = number of pineapples bought * cost of each pineapple

total cost = 50 * 50 coins

step 2: convert the cost to dollars:

total cost in dollars = (total cost in coins) / (exchange rate from coins to dollars)

note: the exchange rate is not provided in the given information, so we'll assume an exchange rate of 1 coin = $0.01 (1 cent).

total cost in dollars = (50 * 50 coins) * ($0.01/coin)

step 3: calculate the profit:

profit = total revenue - total cost in dollars

profit = $31.00 - total cost in dollars

let's calculate the total cost in dollars first:

total cost in dollars = (50 * 50 coins) * ($0.01/coin)

total cost in dollars = 2500 coins * $0.01/coin

total cost in dollars = $25.00

now, calculate the profit:

profit = $31.00 - $25.00

profit = $6.00

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describe the developments of african american religious culture during the 1930s and 1940s, including the nation of islam and the peace mission movement. how did african american religious culture change during this period?

Answers

While membership in the major Protestant denominations decreased slightly, pentecostalism continued to grow steadily but not significantly more than it had in the preceding two decades. Therefore, statistically speaking, neither a religious depression nor a religious culture renaissance occurred throughout the 1930s.

Most historians concur that African Americans' religious practices "are the core of their community life." There were traces of organized religion among black people in the Thirteen Colonies prior to 1775. In the 1780s, the Methodist and Baptist churches saw a significant increase in activity.

A religious organization is the Nation of Islam. Master Fard Muhammad established it in 1930 in Detroit, Michigan.

The Nation of Islam's principal objective is to improve black Americans' spiritual, social, mental, and economic circumstances. Since 1981, Louis Farrakhan has been the group's leader.

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I WOULD HIGHLY APPRECIATE IT IF ANYONE COULD ANSWER THIS INSTANT

Which factors contributed to growing tensions in Europe on the eve of World War 1? Check all that apply.

-Countries built massive armed forces to protect their interests.

-Countries signed trade alliances promising to sell goods to one another.

-Countries made promises to protect one another if attacked.

-Countries competed with one another to build worldwide empires.

-Countries encouraged strong feelings of devotion to the homeland.

Answers

Answer:

A C D and E baby galllllllll or boiiiiii

Answer:

A C D E

Explanation:

EDG 2021


What problem is a free trade agreement most likely to cause for an American
business?
OA. Increased taxes
OB. More competition
OC. Higher labor costs
O D. Smaller markets

Answers

Answer:

The most likely problem that a free trade agreement can cause for an American business is more competition

Explanation:

Free trade agreements typically lower or eliminate tariffs and other trade barriers, which makes it easier for foreign businesses to sell their products in the United States. This can lead to lower prices for consumers, but it can also put American businesses at a competitive disadvantage.

Here are some of the ways that free trade agreements can lead to more competition for American businesses:

Foreign businesses may be able to produce goods at a lower cost than American businesses. This is because they may have lower labor costs, or they may be able to take advantage of government subsidies.

Foreign businesses may have access to a larger market than American businesses. This is because they may be able to sell their products in multiple countries, while American businesses are limited to the US market.

Foreign businesses may have more experience in exporting their products. This means that they may be better able to navigate the complex rules and regulations that govern international trade.

As a result of these factors, American businesses may find it more difficult to compete with foreign businesses. This can lead to lower profits, job losses, and even bankruptcy for some businesses.

However, it is important to note that free trade agreements can also have benefits for American businesses. For example, free trade agreements can lead to increased exports, which can create jobs and boost the economy. Additionally, free trade agreements can help to lower prices for consumers, which can improve the standard of living.

Ultimately, the impact of a free trade agreement on an American business will depend on a number of factors, including the specific terms of the agreement, the industry in which the business operates, and the business's ability to compete with foreign businesses.

pls help me
What was a relocation
camp or internment camp?

Answers

Answer:

There were a total of 10 prison camps, called "Relocation Centers." Typically the camps included some form of barracks with communal eating areas. Several families were housed together. Residents who were labeled as dissidents were forced to a special prison camp in Tule Lake, California.

Explanation:

why did the soviet union fight

Answers

Answer:

On July 12, 1942, World War II was raging in the Soviet Union. Vast territories in the western part of the USSR were under German control, and Soviet efforts to liberate these areas from the Nazis had not yet succeeded. The 2nd Shock Army of the Volkhov Front, part of an attempt to provide relief during the Siege of Leningrad, was surrounded by the Wehrmacht and brutally defeated

Which statement best explains why primary sources are important to historians?
A. They provide firsthand accounts of historical events.
B. They are the only way to really know the truth about the past.
C. They are created by people who can be interviewed today
D. They summarize the most important data about an event.

Answers

a is the answer provided firsthand account

What do you think is the difference between Al Qaeda and the Taliban?

Answers

Answer:

Al-Qaeda follows Wahhabism - an extreme form of Sunni Islam that insists on a literal interpretation of the Koran.

The group was founded in 1988 in Pakistan by Osama Bin Laden and Mohammad Atif shortly before Soviet forces withdrew from neighboring Afghanistan.

Al-Qaeda means ‘foundation’ in Arabic and they believe that they must use Jihad to mobilize their variation of Islam.

They believe in the concept of ‘defensive jihad’; that is to say, it is every Muslim’s obligation to fight those who might be seen as opposing Islam.

The terrorist group was behind 9/11 attacks in 2001 in New York which killed 2,977.

The group viewed the West and its culture as a threat to Islam, and its main goal was to establish an Islamic state based on Sharia law.

ON THE OTHER HAND

The Taliban differ from AL-Qaeda as many of their principles stem from the traditional Pashtun tribal way of life in Afghanistan, although both practice branches of Sunni Islam.

The group came to prominence in Afghanistan in the autumn of 1994, and governed in the country for 5 years, from 1996-2001.

Taliban means ‘student’ in Arabic, and it is widely speculated that the group first emerged from religious seminaries which preached a strict variation of Sunni Islam.

They originally promised to restore peace and security via Sharia law in the Pashtun areas of Pakistan and Afghanistan.

However, the group enforces extremely strict laws by which its citizens must live.

Women over the age of 10 are prohibited from receiving an education, and televisions and social media are banned.

Contrary to popular belief, there is not one single “Taliban”, but several different groups.

Explanation:

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Plzzzzzzzzzz help meee

Answers

Answer:

a

Explanation:

Question is attached in the image below

Question is attached in the image below

Answers

Answer:

grassland and savannah that borders the desert area of the Sahara

Explanation:

look it up :)

Other Questions
a landlord that rents out bedrooms to college students at ut-tyler experiences a raise in both their income taxes and property taxes in a given year (i.e. they pay more taxes, both federal and local). therefore, to ensure they make a profit on their rentals, they raise the price of rent for their tenants. this activity would be an example of: how would net income be most likely to affect the accounting equation? You would like to go to Miami for vacation, but you are undecided about whether you should go. The round-trip airfares are $600, but you have a frequent-flyer coupon worth $500 that you could use to pay part of the airfare. All other costs for the vacation are exactly $900. The most you would be willing to pay for the trip is $1400. Your only alternative use for your frequent-flyer coupon is a trip to Atlanta for a wedding, which you must attend. Atlanta round-trip airfares are $450.Required:a. Should you go to Miami?b. What is the opportunity cost of using the coupon for the Miami trip? If a boat that travels 23 miles per hour in still water is traveling with a current that has a rate of 2 miles per hour, how far will the boat travel in 3 hours? 69 miles 75 miles 71 miles [tex] \frac{ \times + 6}{7} = 1[/tex]find the missing term Which taxonomic group do whales belong to?a. Cetaceab. Pinnipediac. Sireniad. Manatee Suppose an airline allows a maximum of 49 kg for each suitcase a passenger brings along. (a) what is the weight in newtons of a 49 kg suitcase? n (b) what is the weight in pounds? lb The Sun's surface, as we see it with our eyes, is called the ________. chromosphere photosphere core corona polly is curious if she gets better gas mileage when she uses the more expensive gasoline at the gas station. she designs an experiment in which she uses each type of gasoline exclusively for 3 months. which statement is true of this experiment? Which of the following molecules is the lowest-energy donor of electrons to the electron transport chain?A. NADHB. waterC. FADH2D. ATP arthritis combining form or root word? Dora is babysitting over the summer. She charges an initial fee of $10 plus $5 per hour. Proportional Proportional Non-Proportional The probability density function of X, the lifetime of a certain type of device (measured in months) is given by f(x) = 0 if x < 2121/x^2 if x > 21 f(x) Find the following: P(X > 48) = The cumulative distribution function of X: f(x)= if x < 21if x > 21 The probability that at least one out of 7 devices of this type will function for at least 44 months: a hydrogen atom in an excited state emits a photon of wavelength 410 nm. what are the initial and final states of the hydrogen atom? initial state ninitial Given slope = 1/4 & y- intercept = (0,-13) write the equation the British,French,Spanish, and Dutch all explored The role of an art critic is toA. Study art and the culture surrounding it during a specific period of time.B. Help understand, interpret, and judge a piece of art.D. Create artwork that inspires people. suppose the lender expects a real interest rate of 6% and the inflation rate is expected to be 3%. in this case, the nominal interest rate is equal to: a tuning fork with a frequency of 200 hz will resonate if a sound wave incident on it has a frequency of How much would a spring scale with a spring constant of 120 N/m stretch if it had 3.75 J of work done on it?