What was Adam Smith Economic theory called and three elements of the economic theory?

Answers

Answer 1
Answer:

Laissez-faire philosophies, such as minimizing the role of government intervention and taxation in the free markets, and the idea that an "invisible hand" guides supply and demand are among the key ideas Smith's writing is responsible for promoting.


the three major economic theories (laissez-faire, Keynesian economics, monetarism)


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How many military expeditions did the Church launch to try to capture the Holy Land? a. 5 b. 12 c. 8 d. 7
In 1820,Henry Clay played a major role in which of the following?the Treaty of Paristhe Missouri compromisethe Louisiana purchasethe treaty of Versailles

Which of these statements is TRUE?A) Social institutions rarely work collaboratively to achieve social goals.
B) Separation of church and state prohibits any interaction between religion and government.
C) The government has the final authority to regulate the functions of all social institutions.
D) The functions of social institutions can overlap, such as when tax dollars go to public schools.

Answers

Answer:

The correct answer is C, The government has the final authority to regulate the functions of all social institutions.

Explanation:

The government does not have such authority.

The government has a series of duties and limitations on its power so it doesn't stand in the way of people's liberties. Had the government authority on every social institution, it would be a totalitarian government.

The government's authority is limited because democracy demands so. In a democracy all power comes from the people and the government must work accordingly.

A resolution is a type of bill that determines what __________ can or cannot do.

Answers

Answer:

Congress.

Explanation:

Resolutions are written motions proposed by a deliberative institution. They are used in companies and houses of law, like Congress.

Most of the cases, resolutions are made to exercise a extra-power, that is not explicitly explain in the law.

Matters affecting the operations of both the House of Representatives and Senate are usually initiated by means of concurrent resolutions. A concurrent resolution originating in the House of Representatives is designated “H.Con.Res.” followed by its individual number.

What are three problems of the large cities?

Answers

1.- Population Growth

2.- Water Infraestructure

3.-  Transportation

Answer:  - transportation  -pollution -

                     

Explanation:

Why were virginia and new york so important for ratification?

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New Hampshire became the ninth state to approve the Constitution in June, but the key States of Virginia and New York were locked in bitter debates. Their failure to ratify would reduce the new union by two large, populated, wealthy states, and would geographically splinter it.

Tracy, a 16 year old student at City High School, is charged with Voluntary Manslaughter in the death of a local merchant. By state law, Tracy must be

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convicted and tried in an court of law

What role did the McKinley Tariff play in gaining Hawaii as US state?It caused the Hawaiian sugarcane market to thrive as their prices became
cheaper for Americans making it more difficult to gain Hawaii as a US
state
It caused the Hawaiian pineapple market to thrive as their prices became
cheaper for Americans making it more difficult to gain Hawaii as a US
state
It caused the Hawaiian sugarcane market to be undersold by the American
producers which led to an economic depression that swept the islands
driving them to seek American statehood,
It caused the Hawaiian pineapple market to be undersold by the American
producers which led to an economic depression that swept the islands
driving them to seek American statehood.

Answers

Answer:

It caused the Hawaiian sugarcane market to be undersold by the American

producers which led to an economic depression that swept the islands

Explanation:

McKinley was the representative of an industrial group interested in high protectionist tariffs. Due to his position on this issue and the support of James Sherman for the presidency in 1888, McKinley got a seat on the budget committee of the House of Representatives, and also became close to influential Ohio entrepreneur Markus Hannah. In 1889, McKinley was elected chairman of the committee and became the main author of the law bearing his name in 1890 (McKinley Tariff Bill), which established high import tariffs. The law slightly reduced duties on some types of goods and significantly (up to 18%) increased them on others. At the same time, it gave the president broad powers to raise and lower tariff rates for Latin American states for political reasons or in the form of reprisals.

The McKinley Tariff eliminated the trade advantage of Hawaii sugar producers, who relied overwhelmingly on American markets, - it was done by entering sugar on the duty-free list and granting a bounty to American sugar growers. Thus, the Hawaiian economy experienced depression, and as a result, growers of white sugar advocated for establishment of an American protectorate or outright annexation.

It caused the Hawaiian sugarcane market to be undersold by the American producers which led to an economic depression that swept the islands driving them to seek American statehood. The white majority sugarcane producers in Hawaii realized that if they could help with the annexation, the tariff problem would disappear and their profitability would return. These planters staged an uprising to overthrow the Queen.