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antoniya [11.8K]
4 years ago
15

Economists assume that an individual acts as if motivated by

Social Studies
1 answer:
Andre45 [30]4 years ago
5 0

The correct answer would be option C, Self Interest. Economist assume that an individual acts as if motivated by Self Interest.

Explanation:

The concept of motivation by self interest is given by Mr Adam Smith. He was the great economist and the philosopher. He belonged to Scotland and is considered as the pioneer of the Political economy. He is also remembered or known as the Father of Economics.

According to Adam and some more economists, an individual acts if he is motivated by self interest. It means that if someone has some personal interest in anything, he is more likely to be motivated for achieving that. According to economists, this motivation is necessary as it builds competition and acts as an important economic Force. The regulator of economic activity is Competition, and the competition is best achieved when a person is fully motivated, and a person is fully motivated when he has some personal interest in that task.

When people have their own interests and want to make money, they try to make the society or economy better as a whole.

Learn more about economies at:

brainly.com/question/1033649

brainly.com/question/10877298

#LearnWithBrainly

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Select the boxes in the table to compare and contrast Warren Harding and Calvin Coolidge's policies and
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Harding - raised tariffs.

Coolidge - frugal policies.

Both - pro-business agenda, reduced world wide armament.

Explanation:

Warren Harding and Calvin Coolidge were the 29th and 30th Presidents of the United States. Both of their terms were during 1920's.

While their policies differentiated in some aspects, in other they were quite similar. For example, they were both republicans, who had a pro-business agenda.

But, living in the aftermath of <em>World War I</em>, Harding's main political goal was to protect american industries and agriculture to secure postwar recovery and avoid recession. Main strategy for this was to impose and raise tariffs. Coolidge continued with this policies (with keeping the tariffs high, but not raising them anymore), trying to protect american manufacturing against foreign competition. Harding's tariffs were at the record high by that time.

Also, they were both aiming to reduce world wide armament to prevent another disaster like the WWI. While Harding urged for lower defence costs during his campaign, this was not a major issue for him. He enacted an international agreement for reducing naval fleets of major powers at that time - USA, UK and Japan. On the other side, Calvin Coolidge's primary foreign policy initiative was the <em>Kellog-Briand Pact</em> of 1928, with the goal of renuncing war, as an instrument of national policy. Even though this Pact was never fully achieved, he managed to cut spending for the military, which leads us to his broader policies of cutting military spendings.

As oposed to Harding who was a protectionist, Calvin Coolidge believed in the minimal involvement of the state in order to produce government surplus, which is why he is known by his frugal policies.

5 0
4 years ago
Read 2 more answers
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