Adam Smith would most likely oppose a plan for government bailouts for failing corporations. *
The component of conformity that may be at work in the search in a group for guidance is social norms.
<h3>What is Conformity?</h3>
This refers to the action of having a group attitude towards various situations and social norms.
Hence, we can see that because there is like-mindedness in the group of people in a new or ambiguous situation and they do not know how to proceed, then they would look for guidance from the group and this is known as social norms.
Read more about conformity here:
brainly.com/question/14802913
Answer:
1. Economic Union
2. Autonomous and Sovereign country
Explanation:
The Euro was established on January the 1st in 1999. Its purpose was to unite the countries of the Eastern and Western Europe. But not only that, it's main purpose was to help economically all the countries of the European Union; by having a same monetary system, the economy would flourish and build from it, making each country as strong as everyone else. Besides, all countries within the European Union would be autonomous and the would dictate their own rules; in other words, they would remain sovereign, without having anyone making decisions from the outside.
Decrease the effect of automatic stabilizers.
