Smith is also known for creating the concept of gross domestic product (GDP) and for his theory of compensating wage differentials. 2 According to this theory, dangerous or undesirable jobs tend to pay higher wages as a way of attracting workers to these positions.
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Both government leaders of Zanj and Ancient China had the attitudes in maintaining their power by following Divine Right Theory. This was also meant as Mandate Of Heaven. Basically it’s idea is Heaven grants the king's rights to rule region based on their capacity for better governance.
The other similarity between them was that they both were in practice of collecting taxes from citizens. For example, commercial, land, and agriculture taxes. These played as important sources of money for the government.
On this day in 1914, as World War I erupted across Europe, President Woodrow Wilson declared that the United States would remain “impartial in thought as well as in action.” ... In February 1915, Germany declared unrestricted warfare against all ships, neutral or not, that entered the war zone around Britain.
The best answer that would complete the sentence is that the stimulus or the money invested in the act in order to prevent the recession that would be compared to the Great Depression's is relatively very small. Also, the policy's uncertain effect on the economy.
<span>Rockefeller worked in the oil industry, while Morgan was a banker.</span>