The statements that describe the ideas that Adam Smith expressed in the wealth of nations are:
- The natural laws of supply and demand
The invisible hand theory is a principle that Adam proposed that Individuals in a society should be left to act in their own best interests because the society would gain from it in the long run.
The natural laws of demand and supply is a function of the invisible hand which is automatically responsible for prices and market distributions in the economy
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The first colonial legislature was the Virginia House of Burgesses, established in 1619.
Answer:
1.Consumption
2. Great Depression
3. I think Fairness and Equity
Explanation:
Answer: Wound
Explanation:
In 1521, he returned to Florida in an effort to establish a Spanish colony on the island. However, hostile Native Americans attacked his expedition soon after landing, and the party retreated to Cuba, where Ponce de Leon died from a mortal wound suffered during the battle.
"Tariff of 1816"<u> </u>was made to solve the issue faced my many Americans regarding the U.S manufactured goods.
<u>Explanation</u>:
Tariff of 1816 was the first protective tariff passed by U.S Congress. This Tariff helped to protect the American industry from competition by raising the prices of British manufactured goods, which were often cheaper and of higher quality than the goods produced in the America.
According to this act, 20-25% tax was laid on all foreign goods. So the prices of the British goods were increased. American businesses were able to compete with British and European factories after implementing Tariff of 1816.
