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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.

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That statement is true

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3 years ago
Which of the following is an example of ageism?
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vodomira [7]

Answer: Task analysis.

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3 years ago
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digital or electronic textbooks

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6 0
3 years ago
Which of the following list only isolated systems?1.Coffee in a styrofoam cup with the lid closed, a soda bottle in the cooler a
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A soda in a styrofoam cup with a lid, coffee in a thermos with the lid closed is the isolated systems.

<h3><u>Explanation: </u></h3>

Styrofoam cups and thermos containers are typical examples of containers that don’t allow the transfer of heat energy in their environments. A system is said to be isolated if it doesn’t allow heat exchange with its surroundings. A Styrofoam cup with a lid keeps the coffee hot due to its insulation properties.

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