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

When Bobby is hungry, tired, and thirsty, he respoves this by getting food, water, and sleep. These are examples of:

Answers

Answer:

Positive reinforcement.

Explanation:

Operant conditioning can be defined as an associative learning process which involves reinforcing the strength of a behavior. Thus, the outcome depends on the response in operant conditioning.

A reinforcement of a desired behavior involves the process of strengthening a positive behavior being exhibited by an individual through the use of stimulus. Thus, making the behavior to be exhibited in the future by the individual.

Additionally, by reinforcing desired behaviors with rewards, parents, teachers and leaders can help people in building positive norms.

In this scenario, when Bobby is hungry, thirsty, and tired; he resolves this by getting food, water, and sleep respectively. Thus, these are examples of a positive reinforcement.

Generally, a positive reinforcement involves the process of strengthening or encouraging a desired behavior in a living organism by offering a reward.

argumento sobre la experimentacion animal en contra

Answers

Answer:

Los experimentos con animales prolongan el sufrimiento de los humanos que esperan curas efectivas porque los resultados confunden a los experimentadores y malgastan dinero, tiempo y otros recursos valiosos que podrían gastarse en investigaciones relevantes para los humanos. Los experimentos con animales son tan inútiles que hasta la mitad de ellos ni siquiera se publican.Muchos de estos experimentos causan dolor a los animales involucrados o reducen su calidad de vida de otras formas.

Si es moralmente incorrecto hacer sufrir a los animales, entonces experimentar con animales produce serios problemas morales.

Los experimentadores con animales son muy conscientes de este problema ético y reconocen que los experimentos deben realizarse de la manera más humana posible.

También están de acuerdo en que es incorrecto utilizar animales si los métodos de prueba alternativos producen resultados igualmente válidos.

Explanation:

3. På vägen mot målet så stöter de på en massa hinder. Vilka
hinder kan du hitta och vad är lösningarna på dessa
hinder?
Snälla hjälp

Answers

Answer:

Explanation:i

no cluehave nooo idea

The matching hypothesis suggests that people will form relationships with others who are similar in __________.
A. daily activities
B. social interests
C. physical attractiveness
D. intelligence level

EDGE 2021
Answer (C)

Answers

The correct answer is C. Physical attractiveness.

Explanation

The matching hypothesis is a theory about interpersonal relationships that states that people tend to mate with people who are similar in physical attractiveness. This theory argues that before mating, people assess themselves, establish their level of physical attractiveness and establish characteristics for potential partners who share this same level of attraction. So, the correct answer is C. Physical attractiveness.

The complete phrase is "The matching hypothesis suggests that people will form relationships with others who are similar in physical attractiveness"

Answer:

c

Explanation:

What is the function of taxes?

A.pay for the cost of running the government

B.make people wealthy

C.increase the federal deficit

D.promote good relations with other countries

Answers

Answer:

A Pay the cost o running the government

Explanation:

The Amazon Basin in south america receives daily rain while some parts of the Atacama desert have record of no rainfall.what are the reasons​

Answers

https://www.quora.com/The-Amazon-rainforest-receives-heavy-rainfall-every-day-Why-is-that-so actual answer

analyse why you think most victims do not report gender-based violence ​

Answers

Ok I’m not an expert or anything but most because of fear or trauma when being assaulted or violated many victims mentality is to shut down or shove there problems down for most don’t know who or how to tell anyone. And when some ppl do come toward they most likely want to remain anonymous for the fear of loved ones or the public to know and revealing a offender often is believed to get them in trouble by said offender or their community especially if it’s a more conservative area

All children like sweets. Into correct
tag)
'​

Answers

Answer:

Don't they?

Explanation:

A question can be defined as a statement that begs or requires an answer, response or reply from a respondent.

A question tag can be defined as a very short clause placed at the end of a sentence (statement) which changes it to a question. Some examples of tags used in English language are: can we, can't we, should I, aren't they, shouldn't they, wouldn't it, weren't they, do I, shall we, etc.

In this scenario, the question tag to use in completing the phrase is "don't they?" because it creates a balance with the subject which is in plural form.

Hence, using the question tag we have;

All children like sweets, don't they?

WILL GIVE BRAINLIEST
The blank tried to keep former enslaved people in an inferior position in the South. Congress tried to protect the rights of the recently freed enslaved people by passing the blank in 1866.
1st black code, white code. civil rights act
2nd reconstructon acts, civil rights acts, thierteeth amendment

Answers

Answer:

1st Black Code,  Civil Rights Act of 1866

Explanation:

The 1st Black Code tried to keep former enslaved people in an inferior position in the South. Congress tried to protect the rights of the recently freed enslaved people by passing the Civil Rights Act in 1866.

(Brainliest)
PLZ HELP ME!!!T^T

Answers

If you don’t read the fine print of your credit card agreements, you could potentially end up in situations or deals you didn’t know about/ or expect. Maybe even scams.

Which qualitative research method involves intensive study of a specific individual, event, organization, or specific context?

Answers

Answer:

The correct answer is - case study.

Explanation:

An intensive study of any specific individual, organization, event, or specific context is called the case study. It is a qualitative research method used for the in-depth investigations of a particular condition.

It involves collecting data from all possible sources including observation and interviews. It analyses the case using relevant theoretical concepts from your unit.

Which waves can reach great distances (Waves go into atmosohere and reflect back to Earth so that can move around the curvature of Earth)
Choices :
a. FM
b. Am
c. Radio
d. Microwaves​

Answers

I’m not 100% sure but I think it’s Fm

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

The spinal cord is found inside the spinal column and is involved in _____.
A. initiating voluntary behavior
B. the release of hormones body
C. higher order cognitive functioning
D. reflexes

Answers

Answer:

B. Release of hormones body

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

Answers

Answer:

ما تعرف عملية التمثيل الضوئي؟

Media is another for social media or internet that some people who have technology uses for things

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.

When faced with a problem, what do you do to solve it? This assignment asks you to apply a six-step to problem solving process to a specific problem scenario. You will write a paper that presents a synthesis of your ideas about solving the problem using this systematic approach. As Voltaire said, "No problem can withstand the assault of sustained thinking."
Your child comes home from school with an assignment sheet for a school project. They are very excited about the project and begin work immediately, doing research on the Internet and gathering materials. You read over the assignment sheet and notice that your child is not including all of the required items in the project, and you have some ideas for how to improve the quality of the presentation. You recently read an article in a parenting magazine about the importance of a child developing responsibility for their own learning. You recall the many ways in which your parents took over your school projects. You, on the other hand, want to encourage your child's confidence in their ability to complete a project independently. The next day, you are at the grocery store when you see a parent of a student in your child's class. That parent has spent over $30 in supplies for the science project and is taking a day off work to put the pieces of the project together.
Write a four to five (4-5) page paper in which you:
Define the problem in the scenario that you have chosen.
Analyze the problem in the scenario.
Generate options for solving the problem in the scenario.
Evaluate the options for solving the problem.
Decide on the best option for solving the problem.
Explain how you will implement the decision made and reflect on whether this option was the most effective.

Answers

Answer:

identifying the problem

Explanation:

it is where by you find where has the problem startmaking hyphothesis

Use the chart below to answer the question.
. Founded in Corpus Christi, Texas, in
1929
Fought against racial segregation and
discrimination of Mexican Americans
Protested against the inability of
Mexican Americans to vote in white
primaries or serve on juries in certain
counties
.
Which group is described in the chart?

Answers

Answer:

:)

Explanation:

:(

do you agree that an addiction to social media can negatively influence the Social skills of the young people​

Answers

Answer:

yes

Explanation:

it can because ADDICTION is a negative energy which doesn't give anything productive

Yes, it makes the differences between reality and what’s online much harder to see. Social media addiction could make people lack social skills cause they aren’t communicating to people face to face, instead they are doing it online


In your opinion, what would you consider to be the results of unemployment in any country
(15)
Causes of unemployment
(15)
Solutions to unemployment
(15)
The role of Trade Unions in the economy of a country
(15)
[60]
1.3
1.4​

Answers

Answer:

Explanation:

Unemployment simply means even the individuals who are active and looking for job can't find jobs.

Causes of unemployment:

1. Reduction in demand: When there's a reduction in the demand for goods and services, thus can bring about unemployment as employees will be forced to terminate the contract of some staffs due to less revenue generated.

2. When the skills of the unemployed person doesn't match the jobs available. This us referred to as structural unemployment.

3. Voluntary unemployment which is when a worker leaves his or her job on her own due to the fact that it's not financially compelling.

4. Geographical immobility which is the difficulties in moving to another place to get a job.

5. Corruption

Effects of unemployment

1. Financial hardship and poverty

2. Decrease in standard of living

3. Family tension

4. Increased social isolation

5. Increase in crime rate

6. Erosion of self-esteem and confidence.

7. Poverty

8. Lower economic growth

The solution to unemployment:

1. Population control

2. Improvement in the quality of education.

3. Rapid industrialization

4. Development of agriculture

Role of trade units:

1. To unite employees who possess a common interest.

2. To secure improvements in employment conditions for their members.

3. To maintain the agreed conditions of employment for their members.

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

What nations made up the Allied Powers?

What nations made up the Central Powers?

What nations were neutral?

Which front (red lines) was the longest?

Which front (red lines) had the most battles?

In which bodies of water was there German U-boat activity?

Answers

Answer:

the allies were russia GB italy france japan  Serbia and the usa the central powers were turkey Germany Austria- Hungary the newtral countries were

Explanation:

Argentina, Chile, Denmark, The Netherlands, Norway, Spain, Venezuela, Sweden and Switzerland. the u boats were most found in belguim

lonegest battle was Verdun


3 contributing factors that led to xenophobia​

Answers

Answer:“The three most important factors contributing to xenophobic violence are political leadership, lack of conflict resolution processes, and very few prosecutions

Explanation:

The three most important factors contributing to xenophobic violence are political leadership, lack of conflict resolution processes, and very few is correct

I am conducting a study investigating the effects of Age and Education on memory. I am using two groups of people age 20-40 and age 40-60 and Education levels of either high school or college. What main effects can I possibly investigate in this study

Answers

Answer:

In the face of mounting maturity brain damage, higher levels of education may aid to retain memory. White tissue hyperintensities with an increased volume have been associated to poor memory function in older persons and are a prediction of Alzheimer 's illness.

People with greater schooling will decrease at a rate comparable to the general population if they lose cognitive ability due to a common reason, such as processor speed reductions, but will remain to operate at a higher degree at any higher point due to larger foundation brain capacity.

ano ang kambal katinig​

Answers

Explanation:

que tenga un buen día,,,,

Answer:

Ang kambal katinig o klaster ay mga salitang mayroong magkadikit o kabit na dalawang katinig na matatagpuan lamang sa isang pantig ng salita.

According to the law of demand
2 po
A. there is a direct relationship between price and the quantity supplied.
B. there is an inverse relationship between price and the quantity supplied.
C. there is a direct relationship between price and quantity demanded.
D. there is an inverse relationship between price and quantity demanded.

Answers

Answer:

D inverse...quantity demanded

Explanation:

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded.

i got it from investopedia

All human babies, regardless of which culture they live in or which language is spoken around them, begin to babble at about the same age. This is an example of

Answers

Species heredity, hope this helps!!
This is an example of species hereditary.

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

Elaina is a 15-year-old adolescent who has become shockingly thin. She barely eats and, when she does, she compensates by exercising excessively. Based on this information, Elaina is MOST likely suffering from the ______ type of ______.

Answers

Answer:

Purging and anorexia nervosa

Explanation:

Elaina is most likely suffering from the bulimia type of eating disorder.

Bulimia nervosa can be defined as a serious life-threatening eating disorder in which a person strictly restricts the diet by binge eating or consumes too large quantities of food but tries to get rid of consumed food in guilt. The person tries to eliminate consumed food by vomiting, inducing purging or by excess exercise to limit calories. Thus this condition is deadly because it involves the excess loss of fluids in the body, situation of prolonged starvation, and malnutrition.

Learn more about eating disorder:

https://brainly.com/question/19563681

what is human trafficking?​

Answers

Answer:

Human trafficking involves the use of force, fraud, or coercion to obtain some type of labor or commercial sex act. Every year, millions of men, women, and children are trafficked worldwide – including right here in the United States.

Hope this helps! :D

Answer:

Traffickers use force, fraud, or coercion to lure their victims and force them into labor or commercial sexual exploitation.

Explanation:

Other Questions
In the picture below the purple circles represent salt molecules. Which way wouldthe water molecules move across the membraneRight to left toward the higher concentration of saltLeft to right away from the higher concentration of Salt what is the value of x if x =3^2 A number is equal to twice a smaller number plus 3. The same number is equal to twice the sum of the smaller number and 1. How many solutions are possible for this situation? Infinitely many solutions exist because the two situations describe the same line. Exactly one solution exists because the situation describes two lines that have different slopes and different y-intercepts. No solutions exist because the situation describes two lines that have the same slope and different y-intercepts. Exactly one solution exists because the situation describes two lines with different slopes and the same y-intercep Calculate the amount of moles in 6.75 liters of nitrogen gas.151 mol.301 mol8.44 mol0.0215 mol Part A What is a theme of the passage? A. You can make friends when you least expect it. B. It is easy to believe something is better than it is. C. Sisters can teach you a lot about yourself. D. Nothing in life ever stays the same for long. Part B Which sentence from the passage best supports the theme in Part A? A. To Jos lively fancy, this fine house seemed a kind of enchanted palace, full of splendors and delights which no one enjoyed. (paragraph 7) B. And when the snowy afternoon came, Jo resolved to try what could be done. (paragraph 8) C. All quiet, curtains down at the lower windows, servants out of sight, and nothing human visible but a curly black head leaning on a thin hand at the upper window. (paragraph 8) D. Up went a handful of soft snow, and the head turned at once, showing a face which lost its listless look in a minute, as the big eyes brightened and the mouth began to smile. (paragraph 10) can someone help me with my biology test ? ill pay you with a gift card LOL. i just suck at biology & i need help with this test 100 questions 16) The Nantucket Nugget is unlevered and is valued at $640,000. Nantucket is currently deciding whether including debt in its capital structure would increase its value. The current of cost of equity is 12%. Under consideration is issuing $300,000 in new debt with an 8% interest rate and maintaining this dollar amount of debt in the long run. Nantucket would repurchase $300,000 of stock with the proceeds of the debt issue. There are currently 32,000 shares outstanding and its effective marginal tax bracket is 34%. What will Nantucket's new WACC be? (5 pts) What are the steps of preparing a 2M solution of NaOH(Its talking about molarity) Which body systems need water to function properly? Digestive and Respiratory Muscular and ExcretoryDigestive, Respiratory, and Excretory All of them Janae has a soap bottle that has $474$ mL of liquid soap. Each push of the pump uses $8$ mL of soap. There needs to be at least $50$ mL of soap in the bottle for the pump to work. Qs. If three masons construct a wall in.four days . In how many days, five suchmasons can construect wall. . The area of particle 1 is2.5 mm. The area of particle 2is 0.5 mm. The area of particle1 is how many times as big asthe area of particle 2? Which is a synonym for make and female sex cells?gameteschromosomeseukaryotesdiploids ano ang kambal katinig Which qualifications would companies desire when hiring a graphic programmer?Companies that hire graphic programmers prefer candidates who have a structure of present continuous tense Can someone please help me? Explain what happens to digested food in the small intestine What is the purpose of a storyboard?1. A storyboard is the process of retelling a story or movie by only using pictures.2. A storyboard is an outline used to jot down ideas for a story.3. A storyboard is a summary of a story that is separated by chapters.4. A storyboard is a way to organize thoughts and ideas by using images. A rope has a density and thickness such that a 3.25-centimeter-long segment of it weighs 61.40 grams. There are 28.3495 grams in an ounce and 2.54 centimeters in an inch. How many ounces would a 19.45 inch length of the same rope weigh