The workers.
- Smith believed that economic development was best fostered in an environment of free competition that operated in accordance with universal “natural laws.” Because Smith's was the most systematic and comprehensive study of economics up until that time, his economic thinking became the basis for classical economics.
Answer:
Ultimately the Protestant Reformation led to modern democracy, skepticism, capitalism, individualism, civil rights, and many of the modern values we cherish today. The Protestant Reformation increased literacy throughout Europe and ignited a renewed passion for education.The Reformation seemed to lessen the opportunity for peasants to challenge their place in the class structure. Middle class members were more able to challenge the authority of the church; they took Luther's ideas of free-thinking and grasped the opportunity to have more control over their religious practices.
Explanation:
The name of the agency which is in charge of making use of central clearance to look through agency budgets before they are submitted to the president, is known as the:
- The Office of Management and Budget
<h3>What is a Budget?</h3>
This refers to the allocated money which is set aside for a particular project.
With this in mind and from the given question, we can see that under central clearance, before the agency budgets are submitted to the president, they have to be approved by The Office of Management and Budget.
Read more about The Office of Management and Budget here:
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The correct answer would be option D, Not affected by.
People keep spending addition units of a particular resource on a want until their marginal benefit is not affected by their marginal cost.
Explanation:
Marginal cost and Marginal benefit are the economic concepts used in businesses to a greater extent.
Marginal cost is the cost or amount of money which is added in order to produce one additional unit of a particular product.
Marginal Benefit, similarly, is the benefit or profit gained by producing one additional unit of a particular product.
So people keep spending additional units of resources on producing the product until their marginal benefit is not affected by their marginal cost.
Learn more about Marginal benefit and Marginal Cost at:
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