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
charle [14.2K]
2 years ago
9

1. According to Smith, when individuals invest their capital in industry, they are generally trying to A. ask the government to

control commerce. B. nurture trade with foreign countries. C. gain the greatest possible profit. D. promote the public good of their country.
History
2 answers:
madam [21]2 years ago
7 0

According to Smith the correct answer is C. gain the greatest possible profit.

Adam Smith says when an individual invests their capital in domestic industry he is searching for the greatest value this capital can return for him, but by doing it the society will also benefit.

<em>A. ask the government to control commerce </em>this option is wrong as he thinks the market must be free and open, thus the government responsibilities should be limited to matters related to education, defence or infrastructure.

<em>B. nurture trade with foreign</em> is wrong because he arguments for local investment and even to lay tax on foreign products for internal economic grown and to encourage domestic economy.

<em>D. promote the public good of their countr</em>y, this option is not correct because the promotion of the public good is done by daily choices not by investing capital in industry.




morpeh [17]2 years ago
5 0

The correct answer is C) To gain the greatest possible profit.

Adam Smith is well known for his economic philosophies written in his book <em>Wealth of Nations</em>. This influential book about capitalism and laissez faire economics helped to develop America's modern economic system.

In his book <em>Wealth of Nations, </em>Adam Smith advocates no government intervention in the economy. Instead, he argues that competition between businesses will result in the best possible outcome for society. Along with this, Smith argues that when individuals act selfishly, they will help society as a whole. This is because acting in your own best interest will result in lower prices or hiring more workers. These types of effects have a positive impact on the society as a whole.

You might be interested in
Which group did democrats not want to support?
Mumz [18]

Answer:

A. immigrants

Explanation:

"The modern Democratic Party emphasizes egalitarianism, social equality, protecting the environment, and strengthening the social safety net through liberalism. They support voting rights and minority rights, including LGBT rights, multiculturalism, and religious secularism."

6 0
3 years ago
Read 2 more answers
Are maga hats a civil rights issue or civil liberties issue and why?
vampirchik [111]

Answer:

Civil liberties issue

Explanation:

I guess it would be a civil liberties issue because it is a part of free speech and voting rights.

8 0
1 year ago
The ______were a semitic tribe from Syria who conquered the sumerians and the akkadians.
maw [93]
The right were a semitic tribe from Syrian when confederate and the askari.
5 0
3 years ago
Select all that apply. Four significant outcomes of the 1949 Communist Revolution in China were _____.
Tasya [4]
<span>a. the Cultural Revolution </span>,b. the Great Leap Forward, c. political reform, f. economic reform. Wouldn't hurt to double check!
7 0
3 years ago
Read 2 more answers
Select all that apply.
chubhunter [2.5K]
The Czechs and the Hungarians is the answer. 

I hope this helps ya :)
4 0
2 years ago
Read 2 more answers
Other questions:
  • What is the most likely reason settlers wanted to come to Texas?
    13·1 answer
  • True or false
    6·1 answer
  • Mark each statement if it accurately describes some aspect of the Five Pillars of Islam. A. Anyone who claims to be Muslim but d
    7·2 answers
  • In many muslim cultures, men and women follow rules about...
    14·2 answers
  • This is a term used for emergency bank closures mandated by Congress to relieve financial
    15·1 answer
  • *Select all that apply*
    15·1 answer
  • Read the passage and answer the question,
    8·2 answers
  • Describe powers of each branch of the federal government--- Executive, Legislative, Judicial
    7·1 answer
  • What were the views of philosophers about bringing changes in society? DURING FRENCH REVOLUTION​
    15·1 answer
  • The United States' policy of containment after World War II was intended to prevent Communism from spreading beyon
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!