Smith is also known for creating the concept of gross domestic product (GDP) and for his theory of compensating wage differentials. 2 According to this theory, dangerous or undesirable jobs tend to pay higher wages as a way of attracting workers to these positions.
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President Ronald Reagan's policies had a positive effect on the country overall. He had a plan for the country's economy that included cutting taxes, deregulation, and reducing the size of government. Because of his policies, he was able to be re-elected and help America improve further.
During<span> the high </span>Middle Ages<span>, the </span>Roman Catholic Church<span> became organized into an elaborate hierarchy with the pope as the head in western Europe. He establish supreme power.</span>
Answer: beef, corn, glassware, iron, lead, leather, marble, olive oil, perfumes, purple dye, silk, silver, spices, timber, tin and wine.
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