Answer:
I am Adam Smith
Explanation:
Dear Karl Marx
I write to you to explain, respectfully, why your economic theories are wrong.
First of all, capitalism is not doomed to fail as you say. Capitalism is the best economic system we have developed so far. Capitalism allows the free movement of goods and services, and the accumulation of capital, which leads to economic growth, and the subsequent rise in the standards of living. You yourself recognize this fact.
Secondly, capitalism is not fundamentally unfair. It is true that entrepreneurs tend to earn more than workers, but this is because they risk more than them: they risk their capital and savings, and if the business fails, they could find themselves ruined and in debt.
Finally, I do understand that there are flaws with the system, and I support intelligent intervention to solve these flaws. But it is not socialism nor communism what will solve those flaws.
Sincelery, Adam Smith.
Answer:
Confirmation Bias
Explanation:
Confirmation bias is a phenomenon wherein decision makers have been shown to actively seek out and assign more weight to evidence that confirms their hypothesis, and ignore or underweigh evidence that could disconfirm their hypothesis. As such, it can be thought of as a form of selection bias in collecting evidence. Confirmation bias is important because it may lead people to hold strongly to false beliefs or to give more weight to information that supports their beliefs than is warranted by the evidence.
The correct answer is either manifest destiny or the civil war
Because of the civil war and the expenses of maintaining a navy that could blockade Confederate ports, the Navy was constantly losing power and ships and after the war ended most of the 700 initial ships were completely out of service. As manifest destiny and reconstruction began spreading, the government did not focus on rebuilding its navy and a large part of the navy that remained had to focus on things like helping merchants or doing civilian runs in order to be sustained.
