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.
Use as code-breakers for the military
Explanation:
- During the war, the Germans cut every fourth Allied message on average and successfully decrypted all codes.
- That all changed when the US commander began using the Choctaw Indians who put their extremely complex language to the service of the Entente.
- Although the Americans did not provide Native American citizenship until 1924, 13,000 Native Americans served in the military during the first world war.
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Answer:
Hi! Hope this helps! :D
Explanation:
Legacy: She is known to be the best conductor. She inspired people of love and sacrifice.
Life: She was born as a slave. At the age of six, she became a house servent.
7 years later, she decided to work at the field. In her early teens, she suffered cause of an injury.
Have a great day! :D
Because of there natural resources like iron and coal.
