according to adam smith how do specialization and the division of labor lead to market exchange

Answers

Answer 1

The division of labor is constrained by the size of the market, according to a famous statement made by Adam Smith in The Accumulation of Nations.This is so that each people can specialize in their line of work while still having a choice of a broad range of products and services.

What role does Adam Smith give the division of labor in society?

Yet, Adam Smith's explanation of the labor distribution as a mechanism for generating wealth and market systems that use self-interest as just a fuel for that mechanism were combined in his book The Wealth of Nations.He claimed that growing division of labor was the fundamental driver of wealth.

What is Adam Smith's position on market exchange?

He argued that since he believed that distance and natural barriers were the only constraints on market trading, governmental policy should not erect further man-made barriers to it.As a result, he generally supported his position that governments should support "free trade."

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Related Questions

The declaration of independence was drawn up by


Answers

Answer:

Thomas Jefferson, a delegate from Virginia to the Second Continental Congress, was primarily responsible for writing the Declaration of Independence. John Adams, Benjamin Franklin, Roger Sherman, and Robert Livingston also contributed to its creation. The declaration was then discussed and amended by the Second Continental Congress before being formally ratified on July 4, 1776.

a conclusion reached after
an evaluation of the facts
and the precedent, and
law. It is also called a
ruling, an opinion, or a
judgement.

Answers

A judgment made after weighing the evidence, the law, and the precedent. Also known as judgment.

What is the law's decision?

A judgment is a judge's well-reasoned decision on a contested legal issue that has been presented before him. Despite the fact that it is a literary work, some standards must be adhered to.

Legal precedent is just a fancy way of saying that a decision made by a respectable court of law that is used as a reference to resolve a case with comparable facts and circumstances. A precedent refers to the cases and subjects that the court previously decided in order to settle analogous modern legal conflicts. The precedent could potentially be enforceable in court.

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Which statement accurately summarizes China's Boxer Rebellion?
A.
The rebellion tried to expel foreigners from China, but resulted in greater European control of China.
B. The rebellion challenged China's Qing government, but resulted in more power for Empress Cixi.
C.
The rebellion sought to reestablish Confucianism, but resulted in the prohibition of all religion in China.
D. The rebellion demanded increased foreign trade, but resulted in most Western traders leaving China.

Answers

Option (a), Despite the rebellion's attempts to drive out foreigners, more European influence over China is the outcome. The statement is an accurate summary of the Boxer Rebellion in China.

What was the short description of the Chinese Boxer Rebellion?

Beginning about 1900, a peasant-led uprising against foreigners known as the Boxer Rebellion gained backing from the government. A Chinese secret group known as the Boxers began a deadly campaign to drive out all foreigners from China. A number of governments sent military to stop the attacks.

The main goal of the Chinese Boxer Rebellion was...

Beginning about 1900, a peasant-led uprising against foreigners known as the Boxer Rebellion gained backing from the government. A Chinese secret group known as the Boxers began a deadly campaign to drive out all foreigners from China.

The Boxer Rebellion in China had what function?

The Boxer Rebellion was an important expression of Chinese nationalism and a crucial wake-up call for the nation. China's reputation in the world suffered as a result, which had a detrimental effect on the imperial government's status.

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What was Amos’s responsibility as a prophet?

Select one:

a.
to warn against corruption


b.
to ask Israel to reunite


c.
to express God’s anger


d.
none of the above

Answers

Answer:

the answeris d because it not correctly

Explain why the Soviet vice premier stated that situation in east Germany was a crisis for communism

Answers

In East Germany, there was a command economy, or one in which the governing communist party, the Socialist Unity Party, was largely in charge of all decisions (SED). The strict planning procedure unavoidably resulted in dire economic conditions.

What was the context of the divided city in Eastern Germany during the Cold War?

Dispute between the Soviet Union and the United States over Berlin's status as a divided German city during the Cold War. With the construction of the Berlin Wall in August 1961, it all came to a head. At the discussions, Khrushchev vowed to prevent the arrival of the Allies into West Berlin.

How did the East German Communist Party fare?

In April 1990, the party changed its name to Socialist Initiative (Sozialistische Initiative), and some of its members eventually joined the Party of Democratic Socialism. In June 1991, the party was dissolved.

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The UN Colonel tells reporters that his troops are "peace-keepers," not "peace-makers." By UN mandate, UN troops were permitted to use their weapons only in self-defense. If the Colonel had disobeyed orders and authorized his troops to fire on Interhamwe fighters, would he have done the right thing?

Answers

Answer:

No, the UN Colonel would not have done the right thing if he had disobeyed orders and authorized his troops to fire on Interhamwe fighters, even if it was to protect civilians or prevent further violence.

The UN mandate for peacekeeping operations specifies that UN troops should use force only in self-defense and only to protect civilians. This is because the UN's role is to facilitate peace negotiations and ensure that agreements are respected, rather than to take sides in a conflict or engage in combat.

If the UN Colonel had authorized his troops to use force beyond what was authorized by the UN mandate, it would have violated the principles of impartiality and non-intervention that underpin UN peacekeeping operations. It could also escalate the conflict and jeopardize the safety of civilians and UN personnel.

Instead, the UN Colonel should have worked within the limits of the UN mandate to protect civilians and ensure the safety of his troops. This could include negotiating with the Interhamwe to ensure the safe passage of civilians or working with other UN agencies to provide humanitarian aid to those in need.

In summary, while it may be tempting to take unilateral action to protect civilians in a conflict zone, UN peacekeeping operations are guided by strict principles and rules to ensure that they remain impartial and effective. The UN Colonel's duty was to uphold these principles and operate within the boundaries of the UN mandate, even if it meant not taking action that he felt was necessary.

Explanation:

In a story or novel, the author puts characters in situations that make a point. What point did Cooper want to make in the scene of settlers shooting pigeons?
(PLS)

Answers

Cooper's settlers shoot the pigeons to defend their crops, among other things. If you had to seed your wheat twice and three times, as I have done, you wouldn't be as heavily feeling the divils, Kirby explains Leatherstocking.

What is the fundamental tenet of the pioneer James Fenimore Cooper?

Cooper's main subject is the untamedness that opposes the industrialized society. In contrast to how the settlers saw the wilderness as being tamed by their presence, Natty imagines a future in which civilization and nature may coexist. The unique contribution that this vast, unexplored wilderness brings to the complexity of America is something that he would like to preserve in an ideal world.

Why did The Pioneers act in a certain way?

Instead of being motivated by patriotism or a sense of pride in one's country, the pioneers were motivated to travel and establish in the West by personal economic opportunities. The region between the Appalachian Mountains and the Atlantic Ocean was seeing an increase in population.

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Study the timeline and answer the question that follows
Timeline of the Historical Development of the
1785
1831
1847
1852
The Quakers helped to found the New York
Manumission Society.
? Movement
William Lloyd Garrison published The Liberator.
Frederick Douglass founded the North Star.
Harriet Beecher Stowe published Uncle Tom's Cabin.
Which word correctly replaces the question mark in the title?
O Transcendentalist
Abolitionist
O Suffrage
O Temperance

Answers

Answer:

B. Abolitionist

Explanation:

The word "abolitionist" correctly replaces the question mark in the title of the timeline because the events listed all relate to the historical development of the movement to abolish slavery in the United States. The Quakers' involvement in the New York Manumission Society was an early example of abolitionist activism, and the publication of The Liberator by William Lloyd Garrison helped to galvanize the movement. The founding of the North Star by Frederick Douglass and the publication of Uncle Tom's Cabin by Harriet Beecher Stowe were both important contributions to the abolitionist cause.

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The belief that large inequalities in society were immoral and that individuals
should help others in need became known as:
OA. social capitalism.
O B. social Darwinism.
OC. social reform.
OD. Social Gospel.

Answers

Answer:

OD. Social Gospel.

Explanation:

The term "Social Gospel" refers to the idea that a lot of social inequality is wrong and that people should aid others who are less fortunate.

How were Maya artist different than artist from other civilizations at the time

Answers

Answer:

The Maya Civilization Produced Distinctly Maya Art

Exquisite carvings and jewelry were made of wood, obsidian, jade, bone, shells, and stone. Action scenes were portrayed on slipped ceramic vessels, murals, and reliefs. Artists made moldings, statuettes, portraits of rulers, and more.

Explanation:

Help please!!! First answer gets brainliest!!

Lincoln v. Douglas

Analyze the excerpt from Lincoln’s speech by answering the following questions in complete sentences.

Question Response
What is Lincoln’s point of view regarding the future of the country?
Which statement from the excerpt shows his point of view?
Explain how the selected quote shows Lincoln’s point of view.

Analyze the excerpt from Douglas’s speech by answering the following questions in complete sentences.

Question Response
What is Douglas’s point of view regarding the Constitution?
Which statement from the excerpt shows his point of view?
Explain how the selected quote shows Douglas’s point of view.


Reflection:
How did Lincoln’s point of view differ from that of Douglas?


speach- Step 1: Study these excerpts from speeches given by Lincoln and Douglas:
A house divided against itself cannot stand. I believe this government cannot endure permanently half-slave and half-free. I do not expect the Union to be dissolved—I do not expect the house to fall—but I do expect it will cease to be divided. It will become all one thing or all the other.

—Abraham Lincoln, Springfield, Illinois, June 16, 1858
You can also view the entire speech, from the National Park Service.

I believe that the Union can only be preserved by maintaining inviolate the Constitution of the United States as our fathers have made it. That Constitution guarantees to the people of every State the right to have slavery or not have it…each State being left free to decide for itself. The framers of that Constitution…well understood that each one of the thirteen States had distinct and separate interests, and required distinct and separate local laws and local institutions.

—Stephen A. Douglas, Springfield, Illinois, June 17, 1858

Answers

Answer:

From August through October 1858, Abraham Lincoln, the Republican candidate for the United States Senate from Illinois, debated incumbent Democratic Senator Stephen A. Douglas in seven debates.

What was Lincoln's position in 1858?

By 1858, Lincoln had established himself as the most prominent leader of the nascent Republican Party in Illinois, and he was the obvious choice to run against Douglas. In June, Lincoln launched his campaign in earnest with a speech in Springfield in which he famously said, "A house divided against itself cannot stand...this government cannot exist, perpetually half slave and half free."

Between August and October 1858, Lincoln and Douglas debated in seven separate congressional districts across the state. During the Senate campaign, they drove over 4,000 miles.

I need help on number 3 please

Answers

Probably because Alaska is the closest to Russia. That is why I think Russian America is called what it is at that time.

Which election loss forced the conservative movement to reorganize and change tactics?
A. Kennedy - Nixon
B. Carter - Ford
C. Reagan - Ford
D. Johnson - Goldwater

Answers

Answer:

C

Explanation:

Why was the Warsaw Pact was formed?

to force Poland to become a communist nation

to stop the spread of communism in Europe

to provide a collective defense of Eastern Europe

Answers

Answer:

The Soviet Union formed this alliance as a counterbalance to the North Atlantic Treaty Organization (NATO), a collective security alliance concluded between the United States, Canada and Western European nations in 1949. The Warsaw Pact supplemented existing agreements.

Examine the scenario below. Determine which foreign policy tool the United Nations should use to resolve this issue.

The leaders of Russia and the United States get involved in a disagreement over military action taken in the Middle East. As a result, the Russian leader stated that he would like to attack the United States using nuclear weapons and are actively attempting to trade with other nations to gain the materials necessary to develop these weapons. The United Nations has decided to intervene in this conflict.
Responses


Sanction

Alliance



Tariff

Foreign Aid

Answers

In order to force a nation to adhere to international standards, the United Nations may employ sanctions, a type of economic pressure, to restrict or halt commerce with that nation.

What is United Nation?An international body called the United Nations (UN) was established in 1945 as a result of World War II.Its objectives are to uphold international peace and security, advance human rights, encourage social and economic development, and offer help in times of hunger, natural disaster, and armed conflict.Each of the 193 United Nations Member States has one vote in the General Assembly, which is the United Nations principal legislative body. Six main bodies make up the United Nations, including the Security Council, the International Court of Justice, and the Economic and Social Council.A Secretariat overseeing its operations is led by the Secretary-General, who is chosen by the General Assembly.

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In the case of Lincoln v. Jefferson Davis the U.S. Supreme Court asserted that:

Answers

He argued that the Confederate states had no choice but to form their own constitution after the actions of the federal government.

Explain the importance of Thomas Paine and Thomas Jefferson regarding the origins of the American government.

Answers

Thomas Paine and Thomas Jefferson played critical roles in the origins of the American government.

Thomas Paine was a political philosopher and writer who wrote several influential works, including "Common Sense." This pamphlet argued for American independence from Great Britain and helped to galvanize support for the Revolutionary War. Paine's ideas about individual liberty, democracy, and limited government were instrumental in shaping the political ideals of the early United States.

Thomas Jefferson was a founding father of the United States and the principal author of the Declaration of Independence. He was a proponent of democratic government, advocating for the rights of the people to govern themselves. Jefferson's ideas about individual rights, limited government, and popular sovereignty helped to shape the Constitution of the United States and the Bill of Rights.

Together, Paine and Jefferson helped to establish the principles of democracy and individual liberty that form the foundation of the American government. Their ideas about the role of government in protecting individual rights and promoting the general welfare continue to shape political discourse in the United States today.

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Answer:Thomas Paine and Thomas Jefferson were two influential figures in the American Revolution and the founding of the United States government. Paine's writing played a significant role in shaping public opinion and inspiring colonists to fight for independence from Britain. His pamphlet "Common Sense" argued for the necessity of American independence and helped to galvanize support for the revolutionary cause. Paine also wrote "The American Crisis," a series of essays that encouraged soldiers to persevere in the fight for freedom, even in the face of hardship.

Similarly, Thomas Jefferson's contributions to the founding of the United States cannot be overstated. He is perhaps best known for writing the Declaration of Independence, which laid out the principles of liberty and equality that are at the heart of American democracy. Jefferson's ideas about government were heavily influenced by Enlightenment philosophy, and he believed that power should be vested in the people, not in a monarch or ruling elite.

Both Paine and Jefferson believed in the importance of individual liberty and in the idea that government should serve the people, rather than the other way around. They also believed in the principle of popular sovereignty, which holds that the people have the right to govern themselves. These ideas helped to shape the American government, which is founded on the principles of democracy, individual rights, and the rule of law.

Overall, the contributions of Thomas Paine and Thomas Jefferson were crucial to the founding of the American government. Their ideas about liberty, equality, and popular sovereignty helped to shape the American Revolution and to establish the democratic principles that continue to guide the United States to this day.

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Explanation:

How does the timing of Election Day impact voting habits?
A. It changes every year, so people do not know when it is coming
B. It is on a weekday, so most people would need to take off work to vote
C. It is on a weekend, so people are busy with errands
D. It is a national holiday that everybody always has the day off for

Answers

The timing of Election Day can have an impact on voting habits, particularly in terms of convenience and accessibility of voting.

What is voting?

Voting is a democratic process in which people express their opinions and choose their representatives or decide on important issues by casting their ballots. Voting is a fundamental right in most democratic countries, and it plays a crucial role in shaping the government and society. The process usually involves registering to vote, verifying one's identity, receiving a ballot, and casting a vote. The votes are then counted, and the candidate or issue with the most votes wins. Voting allows individuals to have a say in the decisions that affect their lives, and it is a way to hold elected officials accountable. It is essential to participate in the voting process to ensure that our voices are heard and to promote a fair and just society.

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Which of the following problems does Truman blame on Republicans?
the creation of labor unions

the failure of New Deal work relief programs

the Great Depression

All of these choices are correct

Answers

the answer is c
hope this helps

The first detail descriptions of the region and its native americans was made by A. Jedediah s. smith b. etienne provost C. the fermont expedition D. the escalante expedition

Answers

Those indigenous peoples of United States are referred to as Native Americans, American Indians, and Indigenous Americans.

Who created the indigenous peoples?

The nomadic hunters from northeast Asia who gave rise here to American Indians were thought to have crossed the Arctic Strait land bridge into Canada at some point in the final cold maximum (11,500–30,000 years ago). About c. 10,000 bc they had colonized more of America, Central, and Mexico.

Where might Native Americans first originate?

Native Americans' ancestors diverged from the Siberian population some 25,000 years ago. About 17,000 and 900 years ago, they crossed a land bridge that connected Siberia and Alaska to reach the Pacific Northwest.

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…………………………………………………….

Answers

Answer:

Explanation:

Predator an animal that eats another animal

Prey an animal that is eaten by another animal

Ecosistem a comunity of organisms interact...

Biotic living things

Abiotic non liing thing

Competition the act that ocurs when organism ...

Symbiosis a relahionship where an organism...

help
Which phrase from the passage best shows Pericles’s pride about the government of Athens?
"we are rather a pattern to others than imitators ourselves"

"all this ease in our private relations does not make us lawless as citizens"

"the eyes of an enemy may occasionally profit by our liberality"

"trusting less in system and policy than to the native spirit of our citizens"

Answers

Answer: The phrase "we are rather a pattern to others than imitators ourselves" best shows Pericles's pride about the government of Athens.

This phrase suggests that the Athenian government was so successful and admired that other cities and nations looked to them as a model to follow, rather than the other way around. Pericles is essentially saying that Athens was the standard-bearer for democratic government, and that they were proud of this distinction. This statement reflects Pericles's confidence in the Athenian system of government, and his belief that it was superior to other forms of government. It also highlights Athens's status as a cultural and political leader in the ancient world.

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why according to the source did the stock market in the USA crash​

Answers

Answer:

most well-known stock market crash in the United States occurred in October 1929 and is known as "Black Tuesday." This crash is believed to have been caused by several factors, including speculative buying, overproduction in industries, high levels of consumer debt, and an uneven distribution of wealth. These factors led to a decrease in consumer spending and a decline in industrial production, ultimately resulting in the stock market crash and the beginning of the Great Depression.

Explanation:

explain how sunlight can cause a crack in the street

Answers

Answer:

The sunlight during the summer can cause surfaces to expand and contract. This can cause cracks to form in those surfaces.........

The ottoman Parliament tehcir law of 1915 authorized each of the following acts except which one
A the deportation of Christian armenians from the Empire
B the seizure of property is belonging to Christian Armenians

C

Answers

The following, with the exception of the deportation of Christian Chinese from the Empire, were all authorized by a 1915 law passed by the Ottoman Parliament.

What was the Tehcir Law 1915?

On May 27, 1915, law that allowed the Armenian population of the Ottoman Empire to be expelled from the country. The Armenian Genocide is the name given to the resettlement campaign, which killed anywhere from 800,000 to more than 1.8 million civilians. The Ottoman government began expelling Armenians from Eastern Anatolia shortly after the defeat at Sarkamş on the grounds that their presence close to the front lines posed a threat to national security. Of these, Ottoman Armenians were thought of as the most perilous, on the grounds that CUP chiefs expected that their country in Anatolia — guaranteed as the last shelter of the Turkish country — would split away from the realm as the Balkans had.

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Complete question -

The ottoman Parliament tehcir law of 1915 authorized each of the following acts except which one

A the deportation of Christian armenians from the Empire.

B the seizure of property is belonging to Christian Armenians.

C deportation of Christian Chinese from the Empire .

How was Washington's term different from his first?​

Answers

Answer: His second inaugural address was the shortest one delivered by any U.S. President. Since his first inauguration was held in New York, Washington became the only President to have his two inaugurations held in two separate cities.

Explanation:

George Washington served two terms as the first President of the United States, from 1789-1797. His second term was different from his first in several ways:

1) No major crisis: Washington's first term was marked by numerous crises, including the Whiskey Rebellion and the establishment of the federal government. In his second term, there was no major crisis, allowing him to focus on more long-term issues.

2) Partisan politics: During Washington's first term, political parties had not yet emerged, and he was able to govern without the partisan divisions that would come to dominate American politics. However, by his second term, political parties had formed, and partisan politics made it more difficult for Washington to govern.

3) Foreign policy challenges: During his second term, Washington faced numerous foreign policy challenges, including tensions with Britain and France and the emergence of the French Revolution. These challenges required him to navigate complex diplomatic waters.

4) Retirement: Washington had initially been reluctant to serve as president, and he was eager to retire after his first term. He only agreed to serve a second term after being convinced that it was necessary for the good of the country. By the end of his second term, he was ready to retire from public life and return to his home at Mount Vernon.

Overall, while there were some similarities between Washington's first and second terms, such as his commitment to public service and his dedication to the principles of democracy, there were also important differences that reflected the changing political and social landscape of the young United States.

in what ways did the northwest ordinance encourage settlement in the west

Answers

Answer:

The Northwest Ordinance of 1787 established a system for the orderly expansion of the United States into new territories. It created a path for settlement in the West by providing a framework for the admission of new states into the Union.

One way it encouraged settlement was by establishing a process for the creation of new states. The ordinance set up a system for creating new territories, which could then apply for statehood once they had a certain population size. This process made it clear that the West was open for settlement and provided a clear path for people to follow.

The Northwest Ordinance also established a system for surveying and selling land in the Western territories. This made it easier for people to purchase land and settle in the West. The government sold land at low prices, which made it more affordable for people to acquire property and build homes.

Additionally, the ordinance banned slavery in the Northwest Territory. This made the region more attractive to settlers who opposed slavery and encouraged settlement by people who might otherwise have been deterred from moving to the area.

Overall, the Northwest Ordinance created a framework for orderly expansion into the Western territories, encouraged settlement by making it easier to purchase land and establish new states, and promoted settlement by people who opposed slavery.

Explanation:

List 5 rational number between -3 and -2

Answers

Answer:

- -13/6, -14/6, -15/6, -16/6, -17/6. Please look at the answers below if needed..

Explanation:

The five rational numbers between -3 and -2 are : - -13/6, -14/6, -15/6, -16/6, -17/6. so, the rational numbers between -2 & -3 are -13/6, -14/6, -15/6, -16/6, -17/6.

New England has cold, dry summers.


TrueFalse

Answers

Answer: TRUE

Long, cold winters. Short, cool summers. Short growing season coldest of all 3 regions. Describe the geography of the New England region.

use your own knowledge and explain why there were painc sale in October 1929​

Answers

Answer:

The panic sales in October 1929, also known as the Stock Market Crash of 1929, were caused by a combination of factors that had built up over time. In the years leading up to the crash, there was an economic boom in the United States, and many people invested heavily in the stock market. However, much of this investment was based on speculation rather than sound economic fundamentals, and there was a significant amount of fraud and manipulation taking place.

As the market became increasingly overvalued, investors began to take on large amounts of debt to finance their investments. At the same time, there were signs that the economy was slowing down, and many companies began to report lower profits. This caused some investors to start selling their stocks, which in turn led to a decline in prices.

On October 24, 1929, also known as Black Thursday, a record 12.9 million shares were traded, and the market fell by 11%. This led to widespread panic among investors, who began selling their stocks in large numbers. This led to a further decline in prices, and by October 29, the market had lost 40% of its value.

The panic sales were caused by a combination of factors, including overvaluation of stocks, excessive speculation, fraudulent practices, and economic slowdown. The sudden and rapid decline in prices led to a loss of confidence among investors, which in turn led to panic selling and a further decline in prices. The Stock Market Crash of 1929 is widely regarded as the start of the Great Depression, which had a profound impact on the global economy for many years.

Explanation:

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