Which economic idea best reflects one of Adam Smith's major beliefs?
A. Governments should prioritize acquiring precious metals like gold.
B. Governments should protect workers by supporting labor unions.
C. Governments should avoid interfering in economic activities.
D. Governments should always provide economic aid to the poor.

Answers

Answer 1

Answer:

B. Governments should protect workers by supporting labor unions.

Explanation:

  Aspects of Adam Smith’s Theory:  The crucial aspects of development theory as propounded by Adam Smith are – (1) division of labour and (2) capital accumulation. Productivity of labors increases through division of labour. The two factors that facilitate the use of more division of labour are capital accumulation and size of market. We explain below these factors in detail. Also learn about the relevance of Adam Smith’s Theory to developing countries.

1. Division of Labour:  A very important contribution made by Adam Smith to the analysis of the factors that bring about expansion of output is the division of labour. His treatment of this aspect of production is classic. He pointed out that there was a natural tendency among human beings “to truck, barter, and exchange one thing for another.” Among the benefits of division of labour he refers to increase in dexterity, saving in time, and invention of better machines and appliances. But Adam Smith points out that the degree of division of labour is limited by the extent of the market. Division of labour is profitable only if there is adequate market for the goods produced. He, thus, emphasized the expansion of international trade, which widens market for goods.  One of the most significant contributions to economics by Adam Smith was to introduce the idea of increasing returns caused by division of labour. He thought the gain from by division of labour or specialization was a basic feature of social economy otherwise everyone, like Robinson Crusoe, will produce everything they want for themselves. Thus Thirlwall writes, “It is the notion of increasing returns, based on division of labour that lay at the heart of Adam Smith’s optimistic vision of economic progress as a self-generating process, in contrast to later classical economists who believed that economies would end up in a stationary state owing to diminishing returns in agriculture.”  Given the crucial significance of increasing returns based on division of labour, productivity of labour rises with the increase in the size of market. Along with division of labour it is acceleration of investment or capital accumulation that leads to the increase in growth of output and living standards of people. It is worth noting that Adam Smith expressed the view that industry generally permitted greater scope for division of labour or specialization than agriculture and, therefore, in rich developed countries industrialization had taken place to a greater extent. Another important related notion put forward by Adam Smith was that division of labour is limited by the size of market’. If the extent of market is small, it will not be profitable to produce on a large scale which requires introducing a higher degree of division of labour or specialization.  This is because if size of market for a good (i.e., the magnitude of demand for it) is quite small, it will not be profitable to introduce a higher degree of division of labour along with the use of large capital stock. In the absence of adequate demand, only a little degree of division of labour or specialization can be used and a good deal of capital stock is likely to remain underutilized. It is in this context that he advocated for free international trade which leads to the increase in the extent of market for goods and makes their production on a large scale profitable and induces the capitalist class to accumulate more capital.

2. Accumulation of Capital:  Besides, capital accumulation, according to Smith, facilitates a greater degree of division of labour which causes productivity of labour to rise. Without capital accumulation the extent of division of labour cannot be increased much. Increase in capital formation leads to the production of different types of specialized equipment which are operated by different classes of workers who are skilled and specialized in various tasks. Thus, capital accumulation along with division of labour leads to the increase in industrial output and employment.


Related Questions

Assume that you are a member of a special interest group that wants to raise taxes on certain items. Who would you present your idea to If you
wanted it to be proposed as a bill?
A.Supreme Court Justice
B. the president
C. the American people
D. a senator
E.a member of the House

Answers

A I thinkkkk soooo ummmmm

what is one advantage of offshoring?

Answers

ty for the f-eee p0oints

Answer:

Offshoring allows you to reduce one of the most expensive parts of your business, the labour costs. Freeing this up will allow you to reinvest funds into your business and give you the opportunity to expand your offerings and service. Essentially working on your business rather than in your business.

Explanation:

Write summary of air pressure belt on the globe using mind map
if answer is correct i make u brainliest

Answers

Explanation: Since air has mass, it also has weight. The pressure of air at a given place is defined as a force exerted in all directions by virtue of the weight of all the air above it.

The weight of a column of air contained in a unit area from the mean sea level to the top of the atmosphere is called the atmospheric pressure. The atmospheric pressure is expressed in various units.

Measurement of Air Pressure

Atmospheric pressure is the weight of the column of air at any given place and time. It is measured by means of an instrument called barometer.

The units used by meteorologists for this purpose are called millibars (mb).

One millibar is equal to the force of one gram on a square centimeter. A pressure of 1000 millibars is equal to the weight of 1.053 kilograms per square centimeter.

In other words, it will be equal to the weight of a column of mercury 75 cm high.

The normal pressure at sea level is taken to be about 76 centimeters (1013.25 millibars).

Vertical Variation of Pressure

In the lower atmosphere the pressure decreases rapidly with height.

Which of these is a procedure that quantifies the personal value of a
purchase?

Answers

The purchase price is calculated as a certain number of working hours.

physical disablity doesnt affect for sucess in life justify​

Answers

Disability need not be an obstacle to success,” Stephen Hawking wrote in the first ever world disability report back in 2011. As one of the most influential scientists of modern times, the wheelchair-bound physicist is certainly proof of that.

Deception may be used in a psychology experiment __________. a.) at any time b.) only when supervised by a professional psychologist c.) only when it is necessary for the subject, and does not inflict serious harm on him or her

Answers

Answer:

answer is C.....

ok

no harm

At the time of performing the psychology experiment, the technique named deception may be used only when it is necessary for the subject and does not inflict serious harm on him or her. Hence, Option C is correct.

What is deception in psychology?

In psychology, there are sometimes situation is like a researcher has to give information to te subject which is false. The reason behind this act is to mislead the subject intentionally about some key aspect of the research. It may involve giving such kind of feedback in which false beliefs were created about either oneself or a relationship.

It also involves the manipulation of one's self-concept. There are types of deception also. They are deliberately misleading and deceive by omission. In the first one, the researcher uses confederates, staged manipulations in field settings, and deceptive instructions and in the second the researcher fails in disclosing the full information about the study or creates ambiguity.

Thus, Option C is correct.

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Why do we not want to use atomic bombs​

Answers

Answer:

Others have argued against the use of the bombs, with evidence such as it was not needed, it was inhumane and it led to the modern atomic age and threat of nuclear war. Still, others argue that perhaps the first bomb used against Hiroshima was justified but that the second used against Nagasaki was not.

Explanation:

i love this question.

Answer:

Explanation:

Atomic bombs can release so much radiation that it can kill any living thing in a certain area (depends on the bomb that was dropped). The area where the bomb was dropped can experience long term effects on health and experience mutation in the organisms that reside there (read up on hiroshima and nagasaki aftermath for more information).

Therefore, we do not want to use atomic bombs simply because they cause massive amounts of destruction where innocent lives of people and animals are lost.

Which of the 85 essays of The Federalist Papers is the most famous?

Answers

James Madison, Hamilton's major collaborator, later President of the United States and "Father of the Constitution." He wrote 29 of the Federalist Papers, although Madison himself, and many others since then, asserted that he had written more.

what factors led to the decline of the mycenaeans

Answers

Answer:

Suggestions from scholars to explain the general collapse of the Mycenaean culture (and other contemporary ones in the Mediterranean) include natural disaster (earthquakes, volcanic explosions, and tsunami), overpopulation, internal social and political unrest, invasion from foreign tribes such as the Sea Peoples,

Explanation:

NOT MY WORDS! I HOPE IT HELPS THO!

Why would an oasis be important to people who live in the desert?

Answers

Answer: bc they would need water and coconuts if possible

Explanation:

Answer:

Knowing that an oasis is a patch or a splash technically of water it could hold a multitude of purposes. It could quench thirst provide a way to farm and many many more things. Water has so many uses and is absolutely needed to satisfy 80% of our bodies being humans. So there is no reason specifically alone on why an oasis would be useful but certainly a couple of the many.

Explanation:

I assum this is long enough unless you needed to write an essay for it let me know if I should add!

what is mixed economic system ​

Answers

A mixed economic system is a framework that incorporates both capitalist and socialist elements. A mixed economic system preserves private property and allows a degree of economic independence in capital use but also enables governments to intervene in economic activities to accomplish social goals.

When thinking about the likelihood of events, humans are better able to make judgments based on information presented as ________ than as ________.

Answers

Answer:

frequencies; probabilities

Explanation:

According to the diathesis-stress model, ________. people learn to be schizophrenic from observing schizophrenic parents schizophrenia results from the excess dilation of the blood vessels to the brain, resulting in stress to the neocortex genetic factors predispose some people to schizophrenia and stress activates the disorder schizophrenia results when children are taught to act in ways that contradict their perceptions of reality and their feelings

Answers

Answer:

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Explanation:

Genetic factors predispose some people to schizophrenia and stress activates the disorder is correct answer.

What is a diathesis-stress model?

The diathesis-stress model is a theory that suggests that some individuals may have a genetic predisposition to certain mental health disorders, such as schizophrenia, and that the presence of certain stressors can increase the likelihood that the disorder will develop. According to this model, individuals with a genetic susceptibility to schizophrenia may be at an increased risk of developing the disorder if they are exposed to certain stressors, such as traumatic life events, social isolation, or substance abuse.

However, it is important to note that the diathesis-stress model is only one of many theories that attempt to explain the complex factors that contribute to the development of mental health disorders, and more research is needed to fully understand the role of genetics and stress in the development of these conditions.

Learn more about diathesis-stress model, here:

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There appear to be cultural differences in personality. Compared to babies in the United States and Canada, Asian babies have been found to

Answers

Answer:

be much more emotional

Explanation:

In simple words, the cultural and social environment around an individual builds up their overall personality or we can say at least have a great impact on it. In Asian countries like India, China or Pakistan etc. the tendency of capital punishment like beating or slapping kids is very common making the kids vulnerable and overemotional as compared to the western kids.

in which place guthi is popular ​

Answers

Answer:

NEPAL

Explanation:

Nepal has a rich history of culture and religion. The Guthi system was established partly to maintain sites with significant cultural and religious heritage and to continue intangible heritage practices such as festivals and funeral rites. Nepal is the only nation that has the Guthi system.

What is the "of" in the percent proportion known as?

Answers

What is Percent Proportion? When the ratio of part to whole is equal to the ratio of a percent to 100, shows a percent equal to an equivalent ratio, we call it a percent proportion. A percentage is a fraction expressed with 100 as the denominator. When two ratios are equal, they are said to be in proportion.

how can discussions,projects, campaigns and events support victims of Human Rights violation by cyberbullying ​

Answers

Answer: Use our list of helplines for problems such as cyberbullying, , ... We have collated a selection of helplines that offer various levels of support for ... 24/7; Counselling and advice for children who are in distress or suffering abuse ... Helpline set up by U.S. Department of Health and Human Services;

Explanation:

Cheng is making a trip to her safe deposit box. What is she MOST likely planning to do?

Answers

Answer:

Put something special inside the box

Explanation:

Most people put valuables in places where other people can't access like a safe box. Or did I get the wrong kind of safe?

Jeff Slater is a biochemist working for a bio-warfare lab at the CDC. He is currently working on a project to develop a new neurotoxin and is using sarin as a model substance. While working the lab, building alarms go off, Jeff is startled and accidentally knocks a vial of sarin over and a bit of the liquid splashes onto his arm between his gloves and lab coat. He suddenly starts to feel dizzy, his heart starts pounding harder than ever, and he has shortness of breath. He feels incredibly sluggish and tries to get to the exit. As he approaches the lab door, his muscles cramp up and he falls down and hits his head, knocking him unconscious. His colleague from across the hall happens to see him fall and calls for help. Jeff is given oxygen and taken to the nearby hospital, which happens to have a neuromuscular specialist. The sounding of the alarm turns out to have been just routine testing of a new system. Questions 1. What symptoms is Jeff experiencing

Answers

Answer:

Jeff suffered from muscle cramps and pain, shortness of breathe and increased i the heart rate.

Explanation:

Jeff Slater who is working as a biochemist and is working at a bio- warfare lab at the CDC. He is developing a new neurotoxin and he uses a sarin as the model substance.  

But while working, accidentally, Jeff drops sarin on his arm. He then suddenly feels unwell and feels dizzy. He became unconscious and was admitted to the hospital.

The symptoms that Jeff suffered are :

-- shortness of breathe

-- muscle cramps

-- faster heart beat

Answer:

The symptoms that are experienced by Jeff due to dropping the sarin at the bio-warfare lab at the CDC and exposed to it are as follows:

- he experienced muscles cramp up,

- feels dizzy

- Shortness of breath due to contraction of lungs also experienced by Jeff

- Pounding heart or faster heartbeat due to contractions of the heart.

All these symptoms are related to the muscle contractions in the various site in the body.

4. Which of the following presents an analysis of how people in a given region have adapted to their physical environment?

a. People from the frozen tundra regions of Russia & Canada grow grain crops using irrigation & windmills to pump water.
b. Due to a lack of water for drinking, people in SW Asia have developed methods of desalination of seawater as a fresh water source.
c. People in N. Africa often construct houses of wood, stone, & brick as a way to use building materials that naturally occur in their environment.
d. People in North America have created dams to generate electricity for nearby cities.

Answers

Answer:

Option C, People in N. Africa often construct houses of wood, stone, & brick as a way to use building materials that naturally occur in their environment.

Explanation:

Adapting to physical environment means that an individual is able to use locally available resources for making itself fit for survival in the given environment.

North African people are using only local materials for building houses in which they can live and protect themselves from adverse climatic condition.

Hence, option C is correct

Can someone help me I am stuck on this question it would mean the world if u helped me! and TYSM! for the people who helped me have a wonder full day!

Answers

Answer:

c. Venus is close to the sun so it is a very hot planet.

Explanation:

It is the second planet from the sun and has a surface temperature of 880º F

During sensitive or critical periods, children appear to be especially responsive and able to learn from specific kinds of ____________________.

Answers

Answer:

Stimulation

Explanation:

Developmental psychology

This is referred to as a  section of psychology that is responsible for  identifying and explaining continuities and changes that humans during their lifetime.

Child Development

This is simply known as the study of the every changing, cumulative, and growth changes in the physical, cognitive, and social-emotional development of children and adolescents.

The essential qualities of developmental changes includes;

1. Persistent

2. Cumulative

3. Progressive

Developmentally Sensitive or Critical Periods

This is concern with the period or time when a child is especially responsive and able to learn a particular skill. It is essential for children to have a good learning environment during these sensitive and critical moments.

The people of Egypt, Mesopotamia, and the Indus Valley all farmed. What did they depend on for successful farming? O A) hybrid seeds O B) river flooding O C) manure and peat moss D) slave labor​

Answers

Answer:

Option B, river flooding

Explanation:

Egypt, Mesopotamia, and the Indus Valley are located along a river and hence they provide an advantage to farming. River bodies provide large amount of water for irrigating farmlands due to which it has been possible for people living in Egypt, Mesopotamia, and the Indus Valley regions to depend on farming as major source of income

How did you weigh the different pieces of evidence to reach a conclusion to questions (2) and (3)? What evidence was most important, what was least important, etc.?

Answers

Answer:

Following are the solution to the given points.

Explanation:

Even though the two flights can differentiate physically, their genetic variation supports the idea over an amount of time of their development as distinct species. Because it is not as long as this is necessary for such a species to evolve fully, it is referred to it as different races of the same species and has also been designated as 'Rhagoletis Pomella's technical term.

Its main proof is the biological heterogeneity between them, their unique niche, and their reduced reproductive fidelity. Its visual resemblance was the least important. Throughout the future reproductive faithfulness will be nil. In the last 100 years, those fly just developed, owing to the time needed for full development, and therefore this species is evolving.

Your older brother has a friend who was angry with his wife because they have two sons and he wanted to have a daughter. He thought that she was responsible for having two boys rather than a boy and a girl. What would you tell your brother

Answers

Answer:

it the mans fault not the wife lols

Explanation:

a child’s gender is determined by the chromosome that the MALE parent gives

Answer:

real answer you can control what gender the babies are so deal with what we have i guess   or

Explanation:

its my kids not yours so if u don't like it there's the door

jk if its a test

IWhich invention created during the Second Industrial Revolution was the most
effective, both during the first few years it existed and in the long term?

Answers

Answer:

Combustion engine

Explanation:

The combustion engine were some of the most significant and very far technologies of the Industrial Revolution. This was first presented in 1878 and was propelled by gas and air, making it unsuitable for large public use. During the Industrial Era, the combustion engine was perhaps the most efficient, both in the early years and even in the long run.

Define the word media and indicate four of its important in fair reporting of gender based violence in communities​

Answers

The correct answer to this open question is the following.

We can define the word media or mass media as the massive means of communication such as television, radio, printed press (newspapers and magazines), and all their digital formats

The importance of mass media in fair reporting of gender-based violence in communities​ is vital because:

1.- Mass media can reach far places where conventional citizens can reach.

2.- Mass media has teh resources to do extensive reporting of the news.

3.- Mass media has the technology to broadcast their news.

4.- Mass media hire experts on different subjects who can cover the news and express their opinions to invite the audience to reflect on the delicate topic of gender-biased violence.

Mass media can be used to help solve this issue because modern technology has no frontiers.

3
4) Give 3 examples of changes in state because of heating​

Answers

Answer:

Heating solids turns them into liquids. Turning a solid into a liquid is called melting. Ice melts into liquid water. Any solid can melt into a liquid if it is heated enough.

Explanation:

Can any one be my friend only girl age 15 answer your questions with your photo

Example ice solid state liquid state and united state

Louis Pasteur’s discoveries were important because they

a.

were a step in preventing disease.

b.

led to the science called genetics.

c.

allowed safe surgery.

d.

led to the end of World War II.

Answers

Answer:

a.  were a step in preventing disease.

Explanation:

Louis Pasteur was a famous microbiologist and a French chemist who worked on a process and the invented a process known as the pasteurization.

Pasteurization is a process where food item especially, milk, wine, etc. are are heat treated to kill the germs and other disease causing germs and it increases the quality and its shelf life.

He also studied many germs and pathogens that causes diseases and so he made many medicines and vaccines for these disease. Thus his work were a step in preventing diseases by killing the pathogens or diseases.

characteristics of roadside sallers​

Answers

Answer: They represent attractive items to catch the eye of ongoing people on the road.

Explanation:

The roadside sellers occupy small spaces to showcase their products on roadside.

The roadside sellers use special lightening arrangements to show their products and catch their consumers.

The roadside sellers call the general public by recalling the name and price of their products to attract public.

The roadside sellers sometimes do not bargain for their products.

Other Questions
Use the angle relationship in the figure below to solve for x. Assume that lines a and b are parallel and the given angles are given in degrees. A company reported total equity of $157,000 at the beginning of the year. The company reported $222,000 in revenues and $171,000 in expenses for the year. Liabilities at the end of the year totaled $98,000. What are the total assets of the company at the end of the year which does this sentence contain CAN SOMEONE PLEASE HELP ME WITH THIS I REALLY NEED HELP A drawing in which a person uses various instruments in making of a paper is? what type of figurative language is used in the poem April Aubade Use 3.14 for Round to the nearest 100th if necessary A ball has a diameter of 20 inches. What is its volume? the pattern continues, what would be the eighth number in the pattern?4. 25, 28, 32, 37, 43 ______ PLS HELP ME Help please DONT SEND ANY LINK Because scientists have studied fossils, they know a great deal about the geological history of Earth. From fossils, scientists have learnedthat many changes have taken place on Earth. For example, they know vegetation once grew in Earth's cold, Bless polar regions and now it doesnot. Also, because of fossil research scientists know that dinosaurs once roamed EarthWhich sentence, if added to the passage, would best help the reader understand the meaning of the word "fossils"?01. Geologists are scientists who study fossils and other structures of Earth2. Fossils are a part of our past one of the few things unchanged by human progress03 Fossils are the hardened remains of plant or animal life from a previous geologic age.Historians and geologists are also finding the information gained from the study of fossils to be useful Will mark brainliest You deposit $500 in an investment account. The rate of growth is 6% a year. If you make no further deposits or withdrawals, and the investment is allowed to grow uninhibited, how long will it take for your investment to reach $1,500? Round to the nearest tenth.A. 18.3 yearsB. 45.1 yearsC. 27.6 yearsD. 8.0 years The following diagram shows the branching tree diagram for some animals. (5 points)A slanting line is shown. There are five lines drawn vertically on this line at equal intervals. Shark, Frog, Kangaroo, Lion and Chimpanzee are written on top of each vertical line in order from left to right. Common Ancestor is written on the left end of the line. There is a black circle between each pair of these vertical lines. The first black circle is before Shark and says Vertebrae. The second black circle is between Shark and Frog and says Lungs. The third black circle is between Frog and Kangaroo and says Mammary gland. The fourth black circle is between Kangaroo and Lion and says Placenta. The fifth black circle is between Lion and Chimpanzee and says Large brain.Which two organisms share the least number of derived characteristics?Frog and kangarooKangaroo and chimpanzeeLion and chimpanzeeShark and chimpanzee In QRS, the measure of S=90, SR = 7, QS = 24, and RQ = 25. What is the value of the tangent of Q to the nearest hundredth? This is my first time using Brainly I don't know if I'm doing this correctly. Someone please help me answer this, I need help You rented space for a kiosk at the mall last year for the holiday season for $750. This year they increased it to $825. What is the percent increase? What challenge was the US USSR & UK faced with after WW2?? What variations can individuals exhibit? Conquistadores came to Central America to conquer it for _____and to gain great riches.FranceEnglandPortugalSpain