Why did Adam Smith support the "invisible hand" of the market?A. He believed free markets were the only way to keep society from falling into chaos.
B. He believed the economy was better off without government involvement.
C. He believed laissez-faire policies were the best way to keep the three major social classes stable.
D. He believed capitalism gave the most intelligent people an opportunity for success.

Answers

Answer 1
Answer: Adam Smith supported the invisible hand of the market because he believed that the economy was better off without government involvement.
Answer 2
Answer:

Answer:

he believed that the economy was better off without government involvement.


Related Questions

What are basic concepts and principles of morality.
Well-known business writer, Gary Hamel, has described _____ as "the most important business issue of our time." product distribution the creation of radical innovation advertising and marketing of services product line extensions
A decision is made at the margin when each alternative considers:a. a different trade-off than the others. b. where the most costly alternative will be. c. what the all or nothing alternative will be. d. cost and benefit ranked in progressive units.
A local store estimates its typical customer's inverse demand is P=6.07−2.1Q, and it knows the marginal cost of each rental is $0.64. How much will they sell to each customer it engages in optimal two-part pricing? (use decimals) Answer:
The bank statement shows a balance of $4250, deposits in transit total $1200, and outstanding checks that equal $300. The check registar balance should be; A.2750? B.$3350 C.$4550 D.$5150 E.$5750

Among the advantages of cycle counting is that it: allows more rapid identification of errors and consequent remedial action than is possible with annual physical inventory. makes the annual physical inventory more acceptable to management. does not need to be performed for less expensive items. does not require the detailed records necessary when annual physical inventory is used. does not require highly trained people.

Answers

Answer:

Allows more rapid identification of errors and consequent remedial action than is possible with annual physical inventory

Explanation:

Cycle counting is a prominent stock tallying arrangement that enables organisations to include various things in various zones inside the distribution centre without calculating the whole stock. Cycle checking is an inspecting method where the count of a specific number of things derives the mean the entire distribution centres. It also helps in the identification of errors.

Final answer:

Cycle counting offers advantages such as rapid error identification and maintains accurate records, making annual inventories more manageable and reliable. It requires detailed records just like annual inventories and needs to be performed on all inventory items for effectiveness.

Explanation:

Among the advantages of cycle counting is that it allows for a more rapid identification of errors and enables quick remedial action, which can be more efficient than what is possible with an annual physical inventory. This ongoing process can help make the annual physical inventory more acceptable to management, as it ensures that inventory records are accurate throughout the year. However, it's important to note that cycle counting still requires detailed records similar to annual physical inventory and needs to be performed even for less expensive items to maintain accuracy. While it may not require highly trained people, sufficiently trained personnel are essential to perform cycle counting effectively, especially when identifying and correcting errors.

Learn more about Cycle Counting here:

brainly.com/question/33726508

#SPJ6

PLEASE HELP METask 1: Careers and Educational
Requirements
Task points: [20]
conducting online research and choosing
a career related to personal finance-
[10]
identifying the educational qualifications
required to pursue the chosen career-
[10]
Task 2: Certification Requirements
• identifying the certifications required to
pursue the chosen career
Task points: [40]
[20]
[20]
e
Task points: [40]
• developing strategies to prepare for
getting these certifications
Task 3: Information Technology and
Interpersonal Skills
identifying information technology skills
required for the chosen career
[20]
identifying interpersonal skills required for
the chosen career
[20]
e
.

Answers

Answer:

For which career would these qualifications be most applicable?

ability to work alone and stay focused on a task

 

accuracy and precision in recording information

 

computer and technology skills

 

typically have significant post-secondary education

 

patience and persistence for repetitive tasks

 

Psychiatry

Nursing

Research

Dentistry

Explanation:

Which of the following statements describes a pure capitalist economy?a. The government takes no part in the economy.
b. The government and the free market jointly make economic decisions.
c. The government regulates businesses to ensure efficiency.
d. The government provides goods and services to the public.

Answers

The statement that describes a pure capitalist economy is that A) the government takes no part in the economy. 

Final answer:

A pure capitalist economy is one where the government takes no part in the economy, and all economic decisions are made by the market forces of supply and demand.

Explanation:

The statement that best describes a pure capitalist economy is: 'The government takes no part in the economy'. This is because in a pure capitalist system, also known as a free-market system, economic decisions about what to produce, how to produce, and for whom to produce are made solely by the market, which consists of buyers and sellers. In other words, the forces of supply and demand direct the production and distribution of goods and services, without government intervention.

Learn more about pure capitalist economy here:

brainly.com/question/34123840

#SPJ6

Recently, it was observed that people have started saving more rather than spending. This has impacted the demand for luxury goods and services. The decline in the demand led to unemployment in the related sectors. What can be a primary solution to reduce the unemployment levels in the country?

Answers

Recently, it was observed that people have started saving more rather than spending. This has impacted the demand for luxury goods and services. The decline in the demand led to unemployment in the related sectors.

To reduce unemployment levels caused by declining demand for luxury goods and services due to increased saving behavior, the government can focus on implementing expansionary fiscal policies.

This involves increasing public spending on infrastructure projects, education, healthcare and other sectors to stimulate economic activity and create job opportunities.

The supporting reskilling and upskilling programs to equip the unemployed with relevant skills for emerging industries can enhance their employability.

A comprehensive approach that combines fiscal measures, incentives, and workforce development initiatives can help mitigate unemployment and foster economic recovery.

To know more about unemployment here,

brainly.com/question/32740230

#SPJ2

Reduce interest rates.

Interest is the cost of borrowing.
a. True
b. False

Answers

Interest is defined as the amount paid regularly at an agreed rate for the use of money lent. Depending on the agreement of both parties, interest is for the delayed repayment of a debt. So, to answer the question above: True.

What is one action an employer can take to lower wage levels?a. Hire only union workers.
b. Hire workers with more experience.
c. Replace some workers with machines.
d. Stop wage discrimination

Answers

The right answer for the question that is being asked and shown above is that: "c. Replace some workers with machines." one action an employer can take to lower wage levels is that c. Replace some workers with machines.