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3 years ago

Which of these statements is true according to Adam Smith's theories?

History

2 answers:

Genrish500 [490]3 years ago

4 0

D) A free market would benefit consumers as well as producers.

Vesnalui [34]3 years ago

3 0

Answer:

D) A free market would benefit consumers as well as producers.

Explanation:

Adam Smith is known as the "father of capitalism." Smith argues that the best type of economy is one in which the government gets involved as little as possible. This idea is known as laissez faire economics.

Smith was an advocate of the "invisible hand." This was the idea that competition between businesses will ensure that businesses act in the best interest of citizens. When businesses compete, they must offer the consumer a competitive price for their goods or service. Otherwise, they will go out of business.

This is why Smith believed that the free market would benefit the consumers as well as the producers.

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3 years ago

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Answer:

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Explanation:

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3 years ago

What does the image suggest about the Plessy v. Ferguson Supreme Court ruling?

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Answer:

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Explanation:

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2 years ago

Which statement applies to (or, is correct about) the Lewis and Clark expedition of 1804–1806?

zheka24 [161]

Answer:

The Shoshone tribe provided them with horses for their ascent over the Bitterroot mountains

Explanation:

If we are doing the same thing this is your answer.

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3 years ago

What causes led to the start of the Spanish-American war?

fomenos

Answer:

The right choice is:

C-Sinking of the uss maine, delome letter, desire for raw materials.

Explanation:

The American "yellow press" had been building public opinion support for an intervention by publishing shocking and alarming stories about the abuses and cruel treatment of the Cuban population by the Spanish authorities (which were true, an independence war was being fought in 1898 on the island). Worried about important American investments, the government sent the USS Maine to Havanna to protect them and US citizens. In a very dark incident, it blew off in the Havanna harbor.

US businesses had gone global. There was already an industrialized economy that demanded more raw materials and new markets for expansion.

All of these are reasons for the US getting involvement in the Spanish-American War.

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3 years ago