The Catholic Church defended the selling of indulgences because they needed the money to fund their projects. One of these projects was the reconstruction of St. Peter's Basilica in Rome.
Ulysses S. Grant is the right one.
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.
Nixon refused to turn over the tapes during his presidential scandal under the grounds of "<em>the right to privacy"</em> protected by the 4th amendment. However, the 4th amendment didn't apply to him, because he was the leader of the US, and the citizens have a right to know what is going on inside the White House, as decision made in there can affect the people of US.
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