Form of government in which political power is held by the people
K-pop was extremely popular during the 1950's, being even more popular than Elvis Presley at one point.
1. Levied taxes on glass, paper, lead, paint, and tea- Townshend Acts
2. "Give me liberty or give me death!"- This was said by Patrick Henry
3. British reacted with Intolerable Acts- This was a series of punishments after the Boston Tea Party .
4. Cornwallis was forced to surrender- Yorktown
5. First tax levied with the sole purpose of raising revenue for England- Stamp Act .
6. Turning point of the Revolutionary War- Saratoga
7. Stated that the Parliament did have the right to tax colonists- Declaratory Act
8. Captured Western British forts- George Rogers Clark
9. Forbade settlement west of the Allegheny Mountains- Proclamation of 1763.
10. Required colonists to house troops- Quartering Act
100%/x%=108/81
(100/x)*x=(108/81)*x - we multiply both sides of the equation by x
100=1.33333333333*x - we divide both sides of the equation by (1.33333333333) to get x
100/1.33333333333=x
75=x
x=75
Answer:
C. producers work together to increase prices
Explanation:
The concept of the invisible hand in economics was introduced by the classical economist Adam Smith, who is considered the father of economic liberalism. According to Smith, men have a natural selfish tendency and will seek to satisfy their own needs through trade in goods and services. Thus a positive effect of each man's selfish and individual attitudes will be felt in the economy. When everyone seeks their benefits, the wheel of economics spins. This is what Smith calls the invisible hand.
Consumers will demand goods and services according to their needs. Business owners, seeking to increase their wealth, will provide consumers with the most desired products. Consumers are rational and tend to buy goods from those they provide at a lower price.
Thus competition is a central element by which Smith justifies the invisible hand. The act of union of producers is considered a cartel, something contrary to the mechanisms of competition and therefore does not fit the metaphor of the invisible hand.
