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
Art [367]
3 years ago
11

Describe the view of laissez-faire economists (a) Adam Smith, (b) Thomas Malthus, (c) David Ricardo.

Social Studies
1 answer:
Maurinko [17]3 years ago
8 0

Answer:

(a) Adam Smith - Believed that that in a capitalist, free-market system, all economic agents are coordinated under "the invisible hand", and this results in the benefit of all of them.

(b) Thomas Malthus - Believed that while increased food production rose standards of living, the effect was only temporary, because the same rise in food supply lead to a rise in population growth, and there would a time when there would be too many people to be fed. (the Malthusian Catastrophe).

(c) David Ricardo - He opposed mercantilism, and argued instead that unrestrained free trade benefited every nations. This is because of the concept of comparative advantage: under a free trade systems, nations would specialize in those industries they do best, and import anything that they do not produce.

You might be interested in
The​ long-run aggregate supply curve shifts outward when A. there are changes in the power of government. B. there is economic g
Hunter-Best [27]

Answer:

B. there is economic growth.

Explanation:

The long-run aggregate supply curve is a a vertical curve that illustrate the way that the aggregate demand in an economy affects the total output of that economy, but only temporarily. Therefore the​ long-run aggregate supply curve shifts outward when there is economic growth within the economy in question. This can be seen from the graph below.

4 0
3 years ago
Which of the following are agencies under the Department of Labor that oversee fairness and safety in American workplaces? Selec
Tems11 [23]

Answer: the answer is E

Explanation:

7 0
3 years ago
Read 2 more answers
Which Constitutional power helps the president in the in the conduct of foreign policy​
katovenus [111]

Answer:

The United States Constitution has granted both the president and Congress power over the development of foreign policy. Presidential power to implement foreign policy is fairly broad. Presidential powers include the power to negotiate treaties and appoint ambassadors

Explanation:

6 0
3 years ago
All of the following are responsibilities of community governments EXCEPT:
Monica [59]
This would be B. negotiating with foreign nations. The other three have the would community in them or something similar. B is something the federal government would deal with.
4 0
3 years ago
Read 2 more answers
What was the main occupation of many Tejanos after Texas won its independence from Mexico?
Dmitry_Shevchenko [17]

Answer:

mexico gained independence

Explanation:

7 0
2 years ago
Other questions:
  • Howard Gardner suggests that the ability to understand nature is a type of intelligence. Please select the best answer from the
    12·2 answers
  • You want to pursue a career in a nongovernmental charity. Which people would be best to approach to gain knowledge about the car
    14·1 answer
  • Why do you think the Sumerians were attracted to the land. Between the Tigris and Euphrates  rivers
    12·2 answers
  • Which element of drama is always used to give the audience information about a character's private thoughts?
    9·2 answers
  • Do policies that assist a specific group of people fulfill or violate the Fourteenth Amendment? Explain the reasons for your res
    13·1 answer
  • Which area on the map represents the approximately location of the Three Gorges Dam
    14·2 answers
  • During late adolescence people show a(n) ________ in agreeableness and a(n) ________ in emotional stability.
    15·2 answers
  • Click the pdf to download it and help me
    5·1 answer
  • What happened in and during The Great Revolution<br><br>need every detail
    5·1 answer
  • Define philosophy as a pursuit of wisdom
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!