Answer:
B. prices would do a better job of coordinating the activities of buyers and sellers than markets could.
Explanation:
In 1776, the Scottish economist and philosopher also known as the father of economics, suggested that price was better left to produce better market results than the intervention of guilds.
He was of the opinion that price control and regulations by guilds were disruptions to market play and would not be as efficient as allowing price be determined by the market(buyers and sellers). Adam was a pioneer of the free market economic theory.
Answer:
Option a==> yellow-dog contracts.
Explanation:
In the United States of America, there was a period( 1920s and early 1930s) that in order to secure a job, the employees has to come into aggreement with the employers that they will never form or join any union relating to labour. This case was very rampant in the public sector of the economy in which people seeking for work has to give up their rights to protest for unjustice ( for example teachers during those times were not to join any labour union).
The reason behind yellow-dog contracts is to make sure that employers are able to stop workers from protesting.
Therefore, we can see from the Explanation above that Rosedale Shoe Factory was making use of yellow-dog contracts.
