The best way to illustrate the relationship of the comparison is a country using a comparative advantage can create a merchandise at a smaller opportunity cost, even though a different country has an absolute advantage in the manufacture of all those goods.
It impacted everyone and everything that every one did in the United States of America.
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.
The compact gave freedom to all African American colonists. It established rules that all of the Pilgrims had to follow.
