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sasho [114]
1 year ago
9

In his theory of absolute advantage, what did adam smith say should be the determinant of what a country imports and what it exp

orts?.
Social Studies
1 answer:
allochka39001 [22]1 year ago
6 0

In his theory of absolute advantage, Adam Smith maintained that a nation's imports and exports should be decided by the invisible hand of the market mechanism as opposed to governmental action.

In his book The Wealth of Nations from the 18th century, economist Adam Smith introduced the idea of absolute advantage to explain how nations might profit from trade by specializing in manufacturing and exporting the things that they can manufacture more successfully than other nations. Absolute winners might choose to focus on manufacturing and selling a particular commodity or service, and then use the money they make to buy goods and services from other nations.

The rationale for why it is advantageous for people, companies, and nations to trade with one another is based on absolute advantage. Each has a distinct edge in manufacturing certain items and services, therefore the exchange will be advantageous to both parties.

Learn more about Adam Smith here:

brainly.com/question/21764310

#SPJ4

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Answer:

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3 years ago
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Jean Pierre is making a film in the aftermath of World War II in which depictions of spontaneity and personal style were of the
morpeh [17]

Answer:

a film of the French New Wave

Explanation:

Based on this description it seems that Jean Pierre is making a film of the French New Wave. This was an art film movement that emerged in the late 1950s and 60's becoming one of the most influential in cinema history. This was all due to its rejection of traditional filmmaking conventions in order to pursue more unique film methodology and experimentation. Using new approaches to editing, visual style, and narrative.

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2 years ago
Do the economic benefits of free trade outweigh the social costs?
mamaluj [8]

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Do the economic benefits of free trade outweigh the social costs?

Not really, and it all depends on the perspective.

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Once there, they paid very low salaries, much less than what they should have paid in their former countries, That is a reason why they moved to underdeveloped countries. So cheap labor is one reason. And other these multinational companies freely exploit the many raw materials and natural resources of that underdeveloped country.

Meanwhile, free trade makes rich people and corporations richer, and poor countries and poor people continue to be as poor as they have always been. No serious progress at all,

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2 years ago
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