Why does Adam Smith think that the government should stay out of economic affairs?

Answers

Answer 1
The government stays out of affairs and lets the market mange itself. In this vien, Adam Smith’s “invisible hand” is the idea that there is an invisible force or hand that drives and manages the economy. People who subscribe to this form of economic thought usually favor small government intervention...they think the market will take care of itself and doesn’t need government subsidies, regulation, etc.
Answer 2

Final answer:

Adam Smith advocated for minimal government interference in economic affairs, suggesting that a free market guided by competition and self-interest leads to societal benefits and efficient resource distribution.

Explanation:

Adam Smith believed that government intervention in economic affairs often leads to inefficiencies and high prices due to monopolies and protectionism. He argued that in a laissez-faire or free market economy, competition and self-interest act as an 'invisible hand' guiding economic activities. Smith asserted that if individuals are free to pursue their own interests, it will lead to the production of goods and services most needed by society, effectively meeting the demands of consumers while also promoting progress and prosperity.

This idea contrasts with mercantilism, which suggests that wealth comes from maintaining a trade surplus, often through government-enforced trade barriers. Smith's philosophy laid the groundwork for the current liberal economic practices, advocating for the importance of science, rational choice theory, and individual freedom in facilitating economic development.


Related Questions

The _______ society was known for its trade networks spread throughout the Mediterranean Sea. A. Maya B. Phoenician C. Chinese D. Lapita

Answers

I agree with the person above - the correct answer is indeed B. Phoenecian.
This nation lived around the Mediterranean Sea at the time, so they were famous for their trade in that area. Maya are in Latin America, Chinese and Lapita in Asia, whereas the Mediterranean Sea is located nearer Europe. 

your answer is Phoenician

i just took the test

These two rivers run westward and feed into the Columbia River

Answers

These two rivers are known as Snake and Willamette.
hope this helps!
Final answer:

The Snake River and the Willamette River run westward and feed into the Columbia River, supporting ecosystems and hydroelectric power.

Explanation:

The two rivers that run westward and feed into the Columbia River are the Snake River and the Willamette River. The Snake River originates in Wyoming and travels through Idaho, Oregon, and Washington. The Willamette River, primarily located in Oregon, drains the Willamette Valley and joins the Columbia River in the vicinity of Portland. These rivers are significant because they support diverse ecosystems and contribute to the hydroelectric dominance of Washington due to the powerful flow of the Columbia River.

Demand for which of the following products helped push along the industrialization of England? A. Silk cloth B. Motorized vehicles C. Cotton cloth D. Guns

Answers

C. I'm not so sure but ys
Demand for cotton cloth (C) helped drive the industrial revolution in England. Textiles were the dominant industry during the revolution and the industry employed the most people and generated the most output.

Why did more Native Americans support the British side rather than the American side in the Revolutionary War?

Answers

use they didn't want the settlers there anyways
Final answer:

During the American Revolutionary War, the majority of Native American tribes sided with the British due to concerns over territorial expansion by Americans. The British offered a degree of security against such expansion, and hence presented as a favorable choice. However, neutrality was initially the preferred stance of many tribes and some tribes were divided on their loyalties.

Explanation:

During the American Revolutionary War, alliances with Native Americans were complex and varied among tribes. The majority of Native American tribes tended to side with the British, primarily out of fear that an American victory would lead to more aggressive expansion into their territories. Native Americans saw the Revolutionary conflict as a fight for their lands, and hence, the British, who supported the Proclamation Line of 1763 that provided a degree of security against expansion, appeared as a safer choice.

However, neutrality was initially the preferred stance of many tribes, including the Iroquois Confederacy. As the conflict escalated, it became clear that their lands were at stake, prompting many to choose a side. Some tribes, like the Delaware and factions of the Iroquois Confederacy, were split, with some siding with the British and others remaining neutral. Few Native Americans sided with the revolutionaries, especially outside of New England where closer relationships had been developed with colonial neighbors.

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Which natural obstacle led Phoenicians to use the sea for trade? a. desert c. overcrowded forests b. flooding rivers d. mountains to the east and north

Answers

the answer is D. Mountains to the East and North 

Answer:

The answer is D

Explanation:

Although the 2008 presidential election was revolutionary for its use of the Internet, television remained the most important way candidates connected with voters.
 

Please select the best answer from the choices provided

T
F

Answers

The 2008 presidential election was revolutionary for its use of the Internet, television remained the most important way candidates connected with voters and it is TRUE.

In 1787, delegates from the 13 states attended a convention in Philadelphia. What was the original purpose of this convention?

A) to amend the Articles of Confederation
B) to declare independence from Great Britain
C) to select a president for the United States
D) to resolve the controversial issue of slavery

Answers

The answer is A.

Hope I helped.

In 1787, Georgia named six delegates to attend a convention in Philadelphia. The original purpose of this convention was to amend the Articles of Confederation. At the start of the convention, the delegates from the various states realized that a new central government was needed. This convention became known as the Constitutional Convention.

What term was used to describe the power given to the male heads of families in ancient Rome? A. Polis B. Veni, vidi, vici C. Paterfamilias D. Augustus

Answers

A. Polis this means "town" so No

B. Veni, vidi, vici - these are words of Cezar: "I came, I saw, I'll live" so No

C. Paterfamilias Yes. Means the power is given to the male of a family

D. Augustus No because is a tilte of an emperor

Hope that will help
your answer is PATERFAMILIES.
hope this helps.
:)

who was the first US president

Answers

The first president of the United States was George Washington who served from 1789 to 1797.


Hope this helps!

Answer:

George Washington

Explanation:

Define Roman religion. Make sure to also include the ideas of ancestor and emperor
worship.

Answers

Religion in ancient Rome includes the ancestral ethnicreligion of the city of Rome that the Romans used todefine themselves as a people, as well as the religiouspractices of peoples brought under Roman rule, in so far as they became widely followed in Rome and Italy.

which of these places did prince henry focus on and plan to explore early in his career
A. Ceuta
B. Asia
C. Portugal
D. West Africa

Answers

the answer is Ceuta ......

in traditional china which of the following were signs a government was losing

Answers

there need to be following answers to answer that

Which wonder of the ancient world was located in Babylon?

Answers

The Hanging Gardens of Babylon, one of the Seven Wonders of the Ancient World, weren't in Babylon at all – but were instead located 300 miles to the north in Babylon's greatest rival Nineveh, according to a leading Oxford-based historian
Final Answer:

The Hanging Gardens of Babylon of the ancient world was located in Babylon.

Explanation:

The wonder of the ancient world located in Babylon was the Hanging Gardens. These lush terraced gardens were a remarkable feat of engineering and horticulture. They were said to have been built by King Nebuchadnezzar II for his wife, Amytis of Media, who missed the green hills and valleys of her homeland. The gardens were known for their vibrant and diverse plant life, watered by a complex system of irrigation that lifted water from the Euphrates River to the topmost terrace.

The Hanging Gardens of Babylon were considered one of the Seven Wonders of the Ancient World due to their beauty and the advanced technology used in their construction. However, it's important to note that there is some debate among historians about the exact location and existence of the Hanging Gardens, as there is limited archaeological evidence to confirm their existence. Regardless, they remain an iconic symbol of ancient Babylon and continue to capture the imagination of people around the world.

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Scientists now think high-fructose corn syrup may disrupt appetite control, making people _____ more often

Answers

Scientists now think high-fructose corn syrup may disrupt appetite control, making people EAT more often
Yes, I agree. It helps people eat more often

Which of the following was a French colony in North America? A. New York B. Quebec C. Georgia D. Florida

Answers

The correct answer is Quebec (B).

The French established a number of colonies in North America in the 17th century. Many of these colonies were near the east coast of what is now known as Canada. One such settlement was named Quebec and was established in 1608. 

Final answer:

Quebec was a French colony in North America, part of the larger territory known as New France. The Adams-Onís Treaty led to the United States acquiring Florida from Spain, while Acadia was a hotly contested area in wars like Queen Anne's War.

Explanation:

The French colony in North America was Quebec. Founded by Samuel de Champlain in 1608, Quebec was the first major French settlement and part of a wider collection of French colonial efforts known as New France. This network of settlements spanned from Newfoundland to the Mississippi River Valley and down to southern Louisiana at the Gulf of Mexico. The Adams-Onís Treaty saw the United States gaining Florida from Spain, which previously included the oldest colonial city in North America, St. Augustine, founded by the Spanish in 1565. Similarly, in Queen Anne's War and King George's War, one of the most contentious areas of struggle was Acadia, which pertained to regions in present-day Canada and was of critical importance due to its strategic location and abundant resources.

Which of the following best describes the Japanese emperors from 1600–1800? A. Officials elected by powerful families B. There was no emperor of Japan during this time. C. Absolute rulers with power D. Figureheads with little power

Answers

During the warring states period in Japan, the shogun and hichosennn powerful families ruled japa n,and the emporer was mostly a religious figure head and well respected yet powerless individual.

the answer "D"

D. Figureheads with little power

what does the green line on this map represent?
A . the Berlin wall
B . the iron curtain
C . German civil war front lines
D. economic trade routes between northern and southern Europe

Answers

I'm pretty sure it means C- German civil war front lines.

Hope this is right. Have a great day! :D
i believe it could be D or C i would go with C but i am not 100% sure

The debate over the legalization of same-sex marriage under the United States government is best understood under the context that
A) freedom to get married is protected under the 1st amendment in the Bill of Rights.
B) rights to regulate marriage are among shared powers between state and federal government.
C) rights to regulate marriage have historically been interpreted as reserved to state governments.
D) rights to regulate marriage were expressly granted to the federal government not state government.

Answers

Its c not d. This made me get it wrong.

Final answer:

The regulation of marriage has traditionally been a power attributed to state governments in the United States. Federal involvement comes into play in disputes between states or when individual constitutional rights are at stake.

Explanation:

The debate over the legalization of same-sex marriage in the United States is best understood in the context of how governmental roles in marriage regulations have been defined historically. C) Rights to regulate marriage have generally been interpreted as reserved to state governments.

The Federal Government involvement in marriage laws primarily came into play in cases where there were disputes between states or when the constitutional rights of individuals were at stake, as in the case of same-sex marriage when it was a matter of equal rights under the Constitution.

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What was sexism like in 1930's America

Answers

At the time, America was in The Great Depression, and most women were unemployed(around 10 million). They received lower pay if they worked, and were often expected to stay at home.
Women could not work.
They could not vote.
Men did not show respect for women.
When women did have jobs, they were payed less.
Women could never use a swear word.
They were expected to marry at a young age.
Women couldn’t smoke in public.
Women were only meant to have babies.
They did all chores.

which region has the greatest diversity of resources

Answers

Final answer:

Southern Africa has the greatest diversity of resources, including oil, diamonds, copper, coal, gold, and silver. These resources are spread across countries such as Angola, Zambia, Zimbabwe, and South Africa.

Explanation:

The region with the greatest diversity of resources is Southern Africa. It has a vast amount of mineral resources, including oil, diamonds, copper, coal, gold, and silver. These resources are spread across countries such as Angola, Zambia, Zimbabwe, and South Africa. The presence of such diverse resources makes Southern Africa one of the wealthiest regions in Africa, with great potential for economic growth. Therefore, Southern Africa is the region that has the greatest diversity of resources.

If YOU had to choose sides, would you side with the Federalists or Anti-Federalists? Explain why you sided with the particular group by summarizing, in your own words, their arguments. ( yes I am asking you I know it's my opinion but I was just wondering y'alls opinions are on it)

Answers

I would Side with the federalists because  with out that happening today we wouldn't have a strong government, the whole reason for federalist was to make the government stronger, and to oppose that sounds not so smart to me. 
I would so the Anti fed because it refers to a movement that opposed the creation of a stronger U.S. federal government and which later opposed the ratification of the 1787 Constitution. The previous constitution, called the Articles of Confederation, gave state governments more authority. And with out that creation we wouldn’t have as sick as a strong Governent

Which of the following did George Washington do during his presidency?

Answers

What are the following?? 

The decimal system we use today is the product of this empire's discovery.

Answers

The decimal system is from the Gupta Empire

Answer:

The Gupta empire, is the right answer.

Explanation:

The Gupta empire was one of the Ancient Indian Empires. It was founded in 320 CE by king Sri Gupta. Since this period is marked by significant discoveries and inventions in various fields such as science, technology, engineering, mathematics, literature, logic, dialectic, philosophy, religion, and astronomy, it has been called as the Golden Age of India. In mathematics, the decimal system and zero revolutionized the mathematical equations.

why was there an effort to organize workers into labor unions

Answers

They were formed in reaction to the rapid changes in the economic environment brought about by industrialization.

What does Malcolm X mean when he says “Sitting at the table doesn't make you a diner, unless you
eat some of what's on that plate.”?

Answers

It means that just being present isn’t enough to take credit for playing a part in something. You have to take part/do something!

Answer:

He meant that Afro-Americans were not real Americans citizens, because at his time they did not enjoyed of the same civil rights as white Americans.

Explanation:

Malcolm X was a civil rights activist during the '60s, who acted in favor of the rights of Afro-American citizens. After living a hard childhood, with his father killed when he was 6 and his mother hospitalized in a psychiatric institution, he entered in criminal activities, for which he was imprisoned. In prison, he became a member of the Nation of Islam, a religious organization that fiercely opposed against Afro-American segregation. When he got out of prison, he became one of the main leaders of the movement and of civil right action. In that context he said that quote, meaning that while Afro-Americans are born and raised in America (they are at the table), it does not make them real American citizens (it does not make them diners), because they could not participate in politics, or study in many universities (they could not eat what's on the plate).

Why is it important for citizens to vote? Give two reasons. Tell which one you think is more significant and why. Then, propose an idea to encourage more people to vote.

Answers

becuase it is very good for you and its heathy and you can have fun to

what was the main cause of shay's Rebellion

Answers

Well, this specific rebellion is another result of the taxation placed against the 13 colonies, by England. The people were rebellious, because the high taxes threatened farmers with the loss of their farms. They were already poor then, and it just stirred more anger, which caused them to break out.

why does the mayans slash and burn

Answers

Slash and Burning is an agricultural technique. They would have used it to clear the land before planting their crops.

Slash and burn was a very important technique that the mayans used and it was the reason why the Maya were able to feed so many people.

So the maya developed in the rainforest so that's where they rose. The way the Maya were able to farm in the rainforest was slash and burn.

So the rainforest as you probably already know is an extremely fertile place because the forest canopy and everything falls from canopy like all the poop and all the leaves and they fall to the ground and the floor of the rainforest is some of the most fertile soil everywhere. However, you can't plant crops or at least a lot of them on the rainforest floor because there's not enough sunlight.

So, the solution for the Maya was to cut down the trees which is the slash part so they would find a big group of trees and cut them down. Then they would burn it all because it adds the fertilization process of the ground. So then they would end up with a burned field filled with fertile soil. Then, they would use this area to plant corn and corn is a pretty rapid crop if it's in the right environment so the food production was off the charts.

However, that field would be exhausted in like 3-4 years because you're growing so many crops and you're not getting all the rainforest stuff. So it would be dead in like 3-4 years and unrecoverable.

Describe the mayflower contract in one word

Answers

Plymouth......................
Framework, Plymouth, New-World
Any of those :)

Has anyone ever gotten this paper before? If so, can you tell me the answers? Because I can't find any on my book. PLEASE AND THANKS!

Answers

Hello! I can answer 4:

4. I believe some of these caused the "revolution":

• Scientific Modeling.

• Email.

• Total Quality Management Control.

• Bottom up.

I hope you found this useful! :)

Answer:

Explanation:

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