Answer:
I had disagreed. I responded to it by calmly stating my opinion towards the point that had been raised and made sure that I didn't offend anyone during me doing so.
In the 20's the U.S. was trying "to be the world's banker, food producer, and manufacturer, but to buy as little as possible from the world in return." This attempt to have a constant favorable trade balance wouldn't succeed for long. The U.S. maintained high trade barriers to protect American business, but the U.S. wouldn't buy from our European counterparts, so there's no way for them to buy from the Americans, or pay interest on U.S. loans. The weakness of the international economy certainly contributed to the Great Depression. Europe was reliant upon U.S. loans to buy U.S. goods, and the U.S. needed Europe to buy these goods to prosper. By the year 1929, 10% of American gross national product went into exports. When the foreign countries became no longer able to buy U.S. goods, U.S. exports fell 30% overnight. That $1.5 billion of foreign sales lost between 1929 to 1933 was fully one-eighth of all lost American sales in the early years of the depression.
Answer:
B. prices would do a better job of coordinating the activities of buyers and sellers than markets could.
Explanation:
In 1776, the Scottish economist and philosopher also known as the father of economics, suggested that price was better left to produce better market results than the intervention of guilds.
He was of the opinion that price control and regulations by guilds were disruptions to market play and would not be as efficient as allowing price be determined by the market(buyers and sellers). Adam was a pioneer of the free market economic theory.
Symbolic Interactionist theory
Explanation:
This anylysis strives to explain how people's social standing affects their everyday interactions, it examine stratification from a micro-level perspective.
