<span>The quote captures Smith's description of the complexity and scope of the division of labor, and its ability to increase the standard of living in a given society. Smith believes that the propensity to truck, barter and exchange is part of human nature, and it is precisely this capacity that best organizes the economic system in large scale societies. The cooperation of the many thousands, inspired by each person's self interest, is what allows for the economic system to flourish, spreading opulence and raising the overall quality of life. Since observations on the progress inspired by the division of labor begin the book, Smith uses the contemplation of simple items (pins, for instance) as a starting point for his theorizing on the organization of economics in general.</span>
Answer:
Adjusted book balance will be $4258
Explanation:
We have given ending book balance = $4200
Error in recording = $50
Interest revenue = $33
And service charge = $25
We have to find the adjusted book balance
Adjusted book balance is given by
Adjusted book balance = Ending book balance + error in recording + interest revenue - service charge = $4200+$50+$33-$25=$4258
Opportunity cost is what you give up to do something
if you go to the concert, you spent $45 dollars but lose the opportunity to sell the ticket
if you sell the ticket illegally, you get $75 at the cost of not seeing the concert
the opportunity cost of attending the concert=75+45=$120
the opportunity cost is 120 dollars
Answer:
A psychological footprint
Explanation: