Adam Smith’s ideas that are present in the day-to-day workings of the US economy include all of the following EXCEPT:

History

2 answers:

attashe74 [19]3 years ago

7 0

Answer: C. Trade regulation

Explanation: Adam Smith is considered the father of a modern liberal economy. The modern economy pulls its roots from the "Wealth of Nation," the capital work of this economic genius. According to Smith, economic relations should be free from any government oversight, and give full freedom to entrepreneurs. In such conditions of free market, the market itself is governed by the law of capital, i.e. invisible hand. In doing so, the division of labor should be done as the key to the success of the market economy, the epochs of a narrow specialization of jobs, and thus productivity increases and the economic systems themselves are far more efficient.

lina2011 [118]3 years ago

4 0

Answer:

C. Trade regulation

Explanation:

Adam Smith who is also known as the Father of Modern Economics, published a Book titled "Wealth of nation" in which he famously talks about the free trade and No government Regulation on Entrepreneurs, Although Trade regulation is the regulation which is set by the federal and state government on Trade.

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Svetlanka [38]

Answer:

War becomes the only solution when any other peaceful means to solve a conflict fails.

Explanation:

Some peaceful means to solve a conflict between societies, or within a society are:

Pluralist political representation: in any society, interest differ greatly between groups. Giving each group some form of political representation helps avoid war, and is one of the reasons why most countries today are representative democracies.
Signing treaties: while they sometimes fail to avoid war, treaties are a good way to put in written form, agreements or compromises between two conflicting parties. A treaty is seen as a formal document that ought to be respcted by the signing parties.
Opening up trade: economic integation is a policy that has been used to avoid war. This is because economic interests become integrated, and avoiding war becomes profitable. The Europea Union was founded with the goal of avoiding further conflict within Europe.

When these strategies fail, war often ensues, with all the negative consequences associated with it.

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What was the outcome of the debate on Social Security reform?

Brilliant_brown [7]

Answer:

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2 years ago

Need help with number 2

Alona [7]

Hello,

Wrong question category, please select Mathematics instead of History.

Thanks,

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2 years ago

To what extent does civil war represent a clash of cultures?

melamori03 [73]

Answer:

To the extent that the concepts, values and beliefs between southerners and northerners intensified the conflict between them.

Explanation:

As you may already know, the American civil war had political and commercial divergences as main reasons, however, cultural values and all the elements related to this intensified the conflict between northerners and southerners, who, for cultural reasons, had different beliefs, values and concepts and built a great intolerance with these elements between them.

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xenn [34]

They were elected by the colonies

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