3 years ago

What is adam smith's main idea about trade and economic decision making?

1 answer:

3 0

<span>Adam smith believed that the economy should be left free of interference from the state which is called a laissez faire economy. He believed that state should not decide what is required for the people which should be decided by the market. He also argued that there is an invisible hand that will regulate the economy in the absence of the state.</span>

You might be interested in

Smoltz company had $375,000 of current assets and $135,000 of current liabilities before borrowing $90,000 from the bank with a

QveST [7]

The borrowing transaction WILL INCREASE THE WORKING CAPITAL OF SMOLTZ COMPANY BY $90,000.00.
Working capital is defined as the amount of a company's asset that can be converted into cash in the near future, taking into account the payment which has to be made. Borrowing money increases the amount of working capital that a company has.

6 0

4 years ago

Which of the following is true about having a good credit score?

kipiarov [429]

Answer:

option A

Explanation:

5 0

3 years ago

Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually.

ryzh [129]

Answer:

$ 1,781.53

Explanation:

The future value of the 5-year CD can be determined by using the future value formula stated below:

FV=PV*(1+r)^n

FV is the future value which is expected future amount after 5 years

PV is the initial amount used in purchasing the CD i.e $1500

r is the rate of return on the CD on an annual basis which is 3.5%

n is the number of years the investment would last which is 5 years

FV=$1500*(1+3.5%)^5

FV=$1500*1.187686306

FV=$ 1,781.53

8 0

4 years ago

The DBPR response to an offense that is NOT a substantial threat to the public, usually resulting in a fine of $100 to $500, is

Mashcka [7]

a citation is issued for violations that are such citations carry fines ranging from $100 to $500. the DBPR may issue a notice of noncompliance as a first response to a minor violation.

8 0

2 years ago

On January 1, 2021, Glanville Company sold goods to Otter Corporation. Otter signed an installment note requiring payment of $19

sineoko [7]

Answer:

the amount of sales revenue recorded is $86,234

Explanation:

The computation of the amount of sales revenue recorded is shown below:

= Annual payments × PVAD of $1

= $19,500 × 1+(1 - (1.10)^-5) ÷ 0.10

= $86,234

Hence, the amount of sales revenue recorded is $86,234

We simply applied the above formula

5 0

3 years ago