Some labor unions opposed immigration because their members believed immigrants would take jobs away from native-born americans. So this was a way to protect the native-born americans in their way.
Adam Smith theories promote individualism in the sense that they state that, when each economic agent (households, business, or public entities) pursue their own interests selfishly, the outcomes generated by their economic activities will optimize the social welfare.
The incentives behind working for the own profit are much higher, and make individuals more productive and more sensitive to mistakes, therefore they are keen on improving their practices constantly. In turn, the incentives of working for the common interest are more vague, and such situations lead to sharp productivity declines. It is more likely that societies with greater productivity are able to produce efficiently enough goods and services to cover the needs of all its citizens. Therefore those societies end up maximizing the social welfare. These are the main arguments which support the invisible hand principle coined by Adam Smith.
Answer: The Cairo Conference has been viewed as the least successful of the Allied conferences because little was achieved by way of formal agreements, and the informal decisions made there were quickly reneged at Yalta.
Answer:
B. their ownership of factors of production, how much they sell in the factor markets, and the prices received when sold
Explanation:
Ownership of factor of productions such as land, capital, labour and entrepreneurship services hired to a firm determines the income level of a family. A household can generate income from a land they hire out or produce on, they can also generate income from capital used in an investment. They can sell factors of production such as labour and technical know-how in the factor market and get paid for it. These are the major determinants of income flow in a household.
