1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DIA [1.3K]
3 years ago
8

Adam Smith a. and David Ricardo both opposed free trade. b. opposed free trade, but David Ricardo supported it. c. supported fr

ee trade, but David Ricardo opposed it. d. and David Ricardo both supported free trade.
Business
1 answer:
hichkok12 [17]3 years ago
4 0

Answer:

Adam Smith;

d. and David Ricardo both supported free trade

Explanation:

A free market is a market where international trade relations is subjected minimal interference from the government. Government interference are usually in the form of tariffs, quotas and other restrictions. Adam Smith was a staunch advocate of free trade. He argued that people were ca[able of reasoning and thus should object to unreasonable government regulations on them. Using the policy of Laissez-Faire which argued that government intervention on the economy should be minimal. According to Smith, the natural laws of supply and demand should take cause to balance the market properly.

David Ricardo was also a strong advocate for free trade. He use the theory of comparative advantage to prove his point. The law of comparative advantage states that one needs when one country can produce a good or service at a lower cost than the other country, then they have comparative advantage over that country. Therefor they will produce more of that good that they have an advantage over as compared to another good or service that is more costly. This law he argued could be used in international free trade.

We can conclude that Adam Smith and David Ricardo supported the concept of free trade.

You might be interested in
German automakers Audi, Mercedes-Benz, and BMW all share the same goal of leading the international luxury vehicle market. Audi
Lena [83]

Answer:

A. Attacking Competition.

Explanation:

Audi's approach of targeting younger professionals in established markets is a strategic move aimed at attacking competition because 'target market'is a market positioning strategy. A target market is a particular group of customers that a product or company is aiming at, and in the case of Audi it is young professionals in established markets. Target market is also a marketing strategy which shows the area of the market that a particular competitor wants to focus on, to gain market share.

5 0
3 years ago
Par value is the dollar value that an investor must pay in order to purchase preferred stock.
Vesnalui [34]
I would say false. the par value is not necessarily the amount that the investor must pay in order to purchase the preferred stock. the par value is known to be the market price of the stock however, investors may offer the stock above or below the par value depending on the decision of the board
4 0
3 years ago
There is a bond with a coupon of 7.6 percent, seven years to maturity, and a current price of $1,032.20. What is the dollar valu
Radda [10]

Answer:

The dollar value of an 01 is:

$78.4472

Explanation:

a) Data and Calculations:

Bond coupon = 7.6%

Current price = $1,032.20

The yield to maturity value = $1,032.20 * 1.076 = $1,110.6472

Dollar value of an 01  = $1,110.6472 - $1,032.20 = $78.4472

b) In calculating the dollar value of the bond, which is a measure of the change in the value of the bond portfolio for every 100 basis point change in the interest rates, this is referred to as DV01 (that is, dollar value per 01).  Often denoted as 100 basis points (bps), 0.01 is equivalent to 1 percent.

3 0
2 years ago
The pursuit of an activity for an outcome that is separate from the person is called
Masteriza [31]
A pursuit of an exercise for an outcome that is separate from the person is called extrinsic motivation.
EM refers to an action that is induced by external rewards such as money, fame, grades, and praise. This type of motivation appears from outside the individual, as aversed to intrinsic motivation.
3 0
3 years ago
a celebrity appearing in a commercial for a soft drink while wearing a certain brand of clothing and holding a certain brand of
kherson [118]
Celebrity endorsement
6 0
3 years ago
Read 2 more answers
Other questions:
  • There is an employment test, a distance test, and a time test that must be met in order to deduct qualifying moving expenses
    9·1 answer
  • Garcia Industries has sales of $167,500 and accounts receivable of $18,500, and it gives its customers 25 days to pay. The indus
    10·1 answer
  • Innovations such as the microchip and the Internet lead to business cycle variations because
    13·1 answer
  • Annabelle owns an Italian ice shop. If she decided to expand the size of her shop so that she could sell more Italian ices, how
    8·1 answer
  • Walton Company paid $94,000 to purchase a machine on January 1, 2017. During 2019, a technological breakthrough resulted in the
    6·1 answer
  • Bunnell corporation is a manufacturer that uses job-order costing. on january 1, the company’s inventory balances were as follow
    8·1 answer
  • You own shares in a start-up internet company. If large swings in the stock market increase financial investors' concerns about
    12·1 answer
  • Sophie is willing to sell her used economics textbook for $30. Ruby is willing to pay $60 for the used economics textbook. Sophi
    12·1 answer
  • When 100% peak effort from the most skilled and efficient workers is assumed, the direct labor hours required per unit is being
    7·1 answer
  • Why are incidental costs sometimes ignored in inventory costing? Under what accounting constraint is this permitted?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!