Which of these best describes the invisible hand theory of Adam Smith?
Group of answer choices
the individual can only succeed in an economy if there is no government intervention
when we act to better ourselves, society as a whole also benefits
society must vote as to the best course of action to take
doing what is best for you as an individual will never benefit society as a whole
Answers
For the best prices and supply levels, the invisible hand communicates with both producers and customers. explains Adam Smith's concept of the "invisible hand."
The concept of the invisible hand refers to the unseen forces that steer the free market economy. The best interests of society as a whole are served by individual self-interest and the freedom of production and consumption. The spontaneous movement of prices and the flow of commerce are caused by the ongoing interaction of individual influences on market supply and demand. The Wealth of Nations, Adam Smith's well-known book, is where the phrase "invisible hand" originally arose to express how free markets may motivate people to produce things that society needs. Critics contend that the invisible hand sometimes results in socially harmful outcomes and can promote selfishness, harmful externalities, inequality, and other ills.
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Related Questions
As an upcoming project manager, you are required to write a short paper on the following topic to be delivered at an upcoming project management conference in Gaborone. Projects managers bave existed time in memorial. However, the work of a contemporary project manager is challenged by many issues. Identify five issues that a contemporary manager is likely to face today while implementing projects as opposed to their counterparts in olden times.
Answers
Contemporary project managers face several challenges that differentiate them from their counterparts in the past. Five key issues they are likely to encounter today include increased complexity, globalization, rapid technological advancements, stakeholder management, and changing market demands.
Contemporary project managers face increased complexity compared to their counterparts in the past.
Projects today often involve multiple stakeholders, intricate supply chains, and interconnected systems, requiring managers to navigate complex organizational structures and dynamic environments.
Globalization is another challenge faced by contemporary project managers. Projects are frequently executed across different geographical locations, involving diverse cultures, regulations, and communication challenges.
Managers must possess the skills to effectively collaborate and manage teams across borders.
Rapid technological advancements present both opportunities and challenges for project managers.
The integration of emerging technologies, such as artificial intelligence, internet of things, and big data, requires managers to adapt to new tools, processes, and methodologies to ensure successful project implementation.
Effective stakeholder management is crucial in contemporary project management.
Project managers must engage and align the expectations of various stakeholders, including clients, team members, sponsors, and communities, to ensure project success and maintain positive relationships.
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Type the correct answer in the box.
Spell all words correctly.
What does stand for in the formula to calculate moving averages?
The moving averages method of sales forecasting has the formula:
In this formula, stands for
Answers
Answer:
Sales
Explanation:
S stands for sales. The moving averages formula uses sales figures from the previous periods to forecasts future sales. For example,
say, sales for 2015 were 100; 2016 were 120; 2017 were 110; and 2018,..130. Using the formula, the forecast for 2019 will be
Forecast 2019 = Sales 2015 + Sales 2016+ Sales 2017+ sales 2019 / 4
Forecast 2019 = 100 + 120 +110 + 130 / 4
Forecast 2019=115
Answer:
"sales for the latest month"
Explanation:
I got it right :)
Outline six uses of computer
.
Answers
I have given many options
life insurance payments are made to people named in the policy known as .
Answers
Life insurance payments are made to people named in the policy known as beneficiaries.
A person selects the beneficiary of a life insurance policy when they buy it. When the policyholder dies, the beneficiary is the person or organization who will be given the death benefit money.
Both the primary and contingent beneficiaries should be listed on a life insurance policy. If the policyholder's primary beneficiary can be located upon his or her demise, the death benefits are paid to that person. In the absence of a primary beneficiary, contingent beneficiaries are awarded the death benefits.
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Your question is incomplete, but most probably the full question was.
Life insurance payments are made to people named in the policy known as ______.
A loan to a company or government that pays investors a fixed rate of truth over a specific timeframe is known as:
1. 401k
2. Tax shelter account
3. Stocks
or 4. Bonds
Answers
Answer:
4. Bonds
Explanation:
Bonds are debt instruments used by corporates and governments to raise capital. Bonds are long-term sources of capital for a business and government and also an investment option to investors.
When the government or corporate issues bonds, they promise to pay the principal amount when the bond matures. Maturity ranges from 5 to 30 years. The bond issuer also commits to pay interest on regular intervals until the bonds mature. The interest to be paid is based on the coupon rate or interest rate as specified by the bond.
Work you do for pay is called a _____. Please help ASAP!!!!!!
1.service industry
2.diverse workforce
3. job
4.volunteer job
Answers
Answer:
Job.
Explanation:
The other 3 are specific types of jobs, but work you do for pay is just called a job.
How did Adam Smith's economic beliefs lead to the development of a new economic system?
Answers
Adam Smith was a Scottish economist and philosopher whose ideas on economics had a profound impact on the development of the capitalist system.
Smith believed that free markets, competition, and the division of labor were essential to economic growth and prosperity. In his influential book "The Wealth of Nations," he argued that the government should have a limited role in the economy, and that individuals pursuing their self-interest in a competitive market would lead to the most efficient allocation of resources.
Smith's ideas laid the foundation for the development of a new economic system, known as capitalism, which emphasizes private ownership of the means of production, free markets, and entrepreneurship. Capitalist system has been credited with driving innovation, raising living standards, and promoting economic growth, but has also been criticized for its negative impact on the environment, income inequality, and social justice.
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Why is the automobile industry considered an oligopoly?
It offers little differentiation within the market.
It has significant barriers to entry.
It is controlled by companies that patent key technology.
It relies on price variation to attract customers.
It depends on brand loyalty and image to generate sales.
It is dominated by a few key players.
Answers
The reasons that the automobile industry is an oligopoly in market economics are because of B. It has significant barriers to entry and F. It is dominated by a few key players.
An oligopoly is a market condition where the possibility of firms colluding with each other exists.Firms in this market are interdependent, especially with regards to pricing.
Oligopolistic firms differentiate their products, and they have few producers.There are barriers to entry.
Thus, an oligopoly limits entries to a few key players who dominate the market.
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Answer:
B: It has significant barriers to entry.
E: It depends on brand loyalty and image to generate sales.
F: It is dominated by a few key players.
How do self-interest and competition affect the market.
Answers
Answer: Self-interest, competition, and incentives promote smoothly running markets. Unforeseen events disturb supplies of goods and services and affect prices in the marketplace. Rising prices, specialization, negative incentives, and multiple markets.
Explanation: Hope this helps :)
Getting customers into the stores by using newspapers, magazines, television, and social media refers to advertising in the ______, whereas displays and signs placed at the point of purchase or in aisles is advertising in the ______.
Answers
Considering the contextual situation described in the passage, getting customers into the stores by using newspapers, magazines, television, and social media refers to advertising in the Media.
Whereas displays and signs placed at the point of purchase or in aisles are advertising in the "Store."
This is because Media consists of the primary means of communicating to the public. And the agents of media in which advertisement may be done include the following:
NewspapersMagazinesTelevision,Social mediaOn the other hand, Store or shop outlet is often used to describe the point of purchase of commodities. Thus, any display and sign done at the point of purchase are known as advertising in the store.
Hence, in this case, it is concluded that the correct answer is Media and Store, respectively.
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because of circumstances beyond the control of the project team, many projects are easy for a review group to close down. this type of project closure is called
Answers
Because of circumstances beyond the control of the project team, many projects are easy for a review group to close down. this type of project closure is called a failed project.
A project is deemed to have failed when it is closed because it did not live up to expectations or was simply unfinished.
The project team cannot control the situation in this instance, which results in an incomplete project. The review team simply closes the project in this case because they don't have much else to do.
Premature closure is the term used when a project is finished ahead of schedule and must therefore be closed sooner than anticipated. In this case, the project team has control over the situation.
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of andrews company's products, which earned the largest net margin as a percentage of its sales? use the annual report to find this answer. note: if all values are negative, select the product with the smallest negative net margin as a percentage of sales.
Answers
The net margin is calculated by dividing the net income by the total sales revenue. Upon reviewing the annual report, we can see that Andrews Company has multiple products with varying net margins.
To answer the question, we need to look at the financial statements provided in Andrews Company's annual report. In order to determine which product earned the largest net margin as a percentage of its sales, we need to calculate the net margin for each product.
Once we have calculated the net margin for each product, we can compare them to determine which product earned the largest net margin as a percentage of its sales. If all values are negative, we will select the product with the smallest negative net margin as a percentage of sales.
It's important to note that the net margin is an important metric for businesses to evaluate their profitability. A higher net margin indicates that a company is more profitable and able to generate more income from its sales.
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2. Making choices is necessary in all economic systems because:
A. there are so many products that we cannot use them all at once
B. the government has so much money that it does not know what to do with it
C. there are so many resources compared to people’s needs that we have to choose which ones not to use
D. there are so many wants compared to scarce resources that we have to decide what to produce
Answers
Explanation:
it is d because we don't have enough resources to sustain forever so we have to figure out how to make them last.
Most new jobs in the United States will be in the a manufacturing industries:
b. goods-producing industries
C. service-producing industries
d. agriculture-producing industries
Please select the best answer from the choices provided
Α
B
С
D
Answers
Answer:
d agriculture-producing industries
Most new jobs in the United States will be in manufacturing industries service producing industries. The correct option is c.
In the United States, manufacturing is an important economic sector. The United States is the world's third-biggest manufacturer (after the People's Republic of Chine and the European Union), with a record high real output of $2.00 trillion (adjusted for inflation in 2009 dollars) in Q1 2018, significantly above the $1.95 trillion peak before the Great Recession in 2007.The manufacturing industry in the United States employed 12.35 million people on December 2016 versus 12.56 million in December 2017, a 1.7% rise.
Manufacturing, while still a significant portion of the US economy, contributed less to GDP in Q1 2018 than the 'Finance, insurance, real estate, rental, other leasing' sector, the 'Government' sector, or the 'Professional and business services' sector.
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Rick mendez bought stock for $5,000, using $2,500 of his own money and $2,500 borrowed from the broker. One month later, the stock is sold for $5,650. Interest owed to the broker is $30; brokerage commissions to buy and sell the stock totaled $300.
Answers
The rate of return earned by Rick Mendez from the stock investment is 12.8%.
What is the rate of return?The rate of return is the gain (or loss) earned from an investment expressed as a ratio of the initial investment cost.
For instance, the rate of return is the difference between the total costs of an investment and its sales proceeds, multiplied by 100.
The investment cost of stock = $5,000
Proceeds from the sale of the stock = $5,650
Broker's finance = $2,500
Interest on borrowed funds = $30
Brokerage commissions = $300
Total brokerage finance costs = $2,830
Net proceeds after brokerage costs = $2,820 ($5,650 - $2,830)
Investment using own funds = $2,500
Gain from investments = $320 ($2,820 - $2,500)
Rate of return = 12.8% ($320/$2,500 x 100)
Thus, we can state that Rick Mendez's investment in the stock yielded a return of 12.8%.
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Question Completion:What is the rate of return earned by Rick Mendez?
How is communism produced ?
Answers
i am not sure if that is going to answer your question but that’s the best i could do. have a good day
4. Should the revelation that Tucker's chief financial officer had been convicted of
embezzlement affect the assessment of Tucker? Why or Why not?
Answers
Yes, as it would probably affect how Tucker was perceived if it were made public that his top economic officer had been found guilty of embezzlement.
The meaning of finance:Finance is the term used to describe the process of obtaining finance for all types of expenditures. It entails allocating various financial sources, including credit, leases, and investment capital, to the companies that can utilize them most efficiently.
On the other hand, even if the embezzlement happened before the person joined Tucker and the business was not aware of a criminal record, this might still be detrimental to Tucker's recruiting and screening procedures.
In conclusion, the disclosure of the corruption conviction would probably have an impact on how Tucker is perceived as a firm and raise questions about its ethics, management style, and financial viability.
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81) When a seller advertises an item at a low price but once in store pushes a similar item at a higher price, the seller is participating in: A) price fixing B) price discrimination C) psychological pricing D) predatory pricing E) bait and switch.
Answers
Answer:
E) bait and switch
Explanation:
BAIT AND SWITCH can be defined as a way in which a seller use advert of a low price to deceive and attract customers to their shop in which the products or item advert by seller is not available in order to sell similar or separate product to the customer at a higher price instead of selling the same product with a low price advertised by the seller.
Example a seller may advert a quality Italian shoe with a low price of $50 in order to deceive a buyer or customers to their place of business by then selling a similar product of shoe that looks like the one advertise by them to the customer at a higher price of $300.
Why do lenders require collateral for a secured loan? (10 points)
A) It reduces risk to the lender
B)It eliminates interest charges
C) It reduces the cost of the financed good
D) It protects consumers from loss
Answers
Answer:
A) It reduces risk to the lender
Explanation:
Collateral refers to a valuable asset that a borrower offers to the lender to secure a loan. Typically, the collateral will have a higher market value than the loan amount. Asset mostly used as collateral include homes, properties, and motor vehicles. The lender will keep custody of the title documents until the borrower repays full amount borrowed.
Offering collateral for a loan indicates the borrower's willingness to repay the loan. The lender is assured of recovering their money. If the borrower defaults, the lender will dispose of the collateral to recover their money. This reduces the lender's risk.
Answer:
A) it reduces risk to the lender
Explanation:
I just took the quiz and got it right.
Country a has a temperate climate and can grow bananas in the spring. it produces 42,000 pounds of bananas per year per growing acre. country b also has a temperate climate and can grow bananas in the summer. it produces 21,000 pounds of bananas per year per growing acre. two countries with similar resources want to grow bananas. which country has an absolute advantage for growing bananas? why does this country have an absolute advantage?
Answers
Country A would have absolute advantage because it produces the most pounds of bananas per year per growing acre.
What is Absolute advantage?This is defined as the ability to produce more than available competitors in the market.
Country A produces more pounds of bananas per year per growing acre which is why it has an absolute advantage over country B.
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Answer: is Country A and It can produce more bananas.
Explanation:
country A produces more Bannas
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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The purpose of assigning a number to each of the consequences in a grid analysis is to _______. A. Allow the consequences to be ranked chronologically b. Allow the consequences to be put in numerical order c. Allow the consequences to be weighed and measured d. Allow the consequences to be eliminated through subtraction Please select the best answer from the choices provided A B C D.
Answers
Answer:
B
Explanation:
Allow the consequences to be put in numerical order
dozen or so of its outlets before relwasing it nationwide. when the company does this, it is engaged in
Answers
When a company releases a dozen or so of its outlets before releasing it nationwide, it is engaged in the process of market testing.
The process of market testing is where a company releases a product to a small segment of the population before releasing it to the public or to a larger market. This is done to test the product and its effectiveness before spending money on mass production. Market testing is used to determine the following aspects of a product:
The quality of the product: The price range that is acceptable to consumers. If the product meets customer needs.
Marketing of the product: The success of the product in the market
Thus, a company releases a dozen or so of its outlets before releasing it nationwide when they want to conduct market testing. This is done to ensure that the product is successful in the market and meets the customers' needs before releasing it to a larger market.
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Substantive law governs a person’s:
a. procedural responsibilities.
b. rights and responsibilities.
c. regulatory responsibilities.
d. ethical responsibilities.
Answers
Substantive law governs a person's rights and responsibilities. So, the correct option is b,
Substantive law refers to the body of laws that establishes and defines the rights and responsibilities of individuals and entities within a legal system. It outlines the legal principles, rules, and standards that govern various aspects of people's lives, such as their rights, obligations, and entitlements.
Unlike procedural law, which focuses on the rules and processes that govern legal proceedings and the enforcement of rights, substantive law directly addresses the substance or content of the law. It provides individuals with a clear understanding of their legal rights and the corresponding responsibilities they must adhere to.
Substantive law encompasses a wide range of legal areas, including criminal law, civil law, contract law, property law, tort law, family law, and constitutional law. It sets forth the rights individuals possess in these areas and the corresponding duties and responsibilities they have towards others.
For example, in criminal law, substantive law defines what acts are considered crimes, such as murder, theft, or fraud, and establishes the legal rights of both the accused and the victims. It also specifies the penalties and punishments associated with each offense. In civil law, substantive law governs issues like contracts, property rights, personal injury claims, and family matters such as marriage, divorce, and child custody. It outlines the rights and obligations of parties involved in these legal matters.
The purpose of substantive law is to provide a framework that promotes fairness, justice, and order within a legal system. It ensures that individuals have clarity about their legal rights and responsibilities, allowing them to make informed decisions and seek appropriate remedies in case of violations. By defining and protecting these rights, substantive law plays a crucial role in maintaining social order, resolving disputes, and upholding the principles of justice and equality.
In summary, substantive law governs a person's rights and responsibilities within a legal system. It establishes the legal principles and rules that individuals must follow and outlines their entitlements and obligations in various legal areas. By defining and protecting these rights, substantive law provides individuals with clarity and guidance, enabling them to navigate legal matters and seek remedies when their rights are violated.
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Substantive law governs a person's rights and responsibilities. It defines what is considered unlawful or lawful behavior and the rights and obligations of individuals. It contrasts with procedural law, which is concerned with enforcing legal rights and duties.
Explanation:Substantive law typically governs a person's rights and responsibilities in the legal system. Essentially, it defines what conduct is considered illegal or lawful and what the respective rights and duties of individuals are. For example, contract law, a type of substantive law, specifies the obligations of the parties in a contract, their rights, and what constitutes a breach of contract.
On the other hand, procedural law, not substantive law, governs the methods and processes involved in enforcing legal rights and carrying out legal responsibilities. Ethical and regulatory responsibilities are usually defined by professional ethics rules and regulations rather than by substantive law.
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The tire tread wears out in at least 60,000 miles. the tire company bought 48 tires and found out the average mile usage for 48 tires is 59,500. what hypothesis do we test to find out if the manufacturer claim is too optimistic and tires wear out before 60,000 miles?
Answers
Manufacturer's promise of 0.6928 is very optimistic, as tyres degrade before 60,000 miles.
Here, is the attached solution.
Since the typical automobile travels between 10,000 and 12,000 miles annually, used cars with annual averages below that can be regarded as having good mileage.
To get the car's yearly average, simply divide the odometer reading by the years the car has been on the road. However, a car's condition is also influenced by its make and model, history, and driving and maintenance practises. Due to the fact that older vehicles frequently start needing more expensive and frequent maintenance as mileage exceeds 100,000, this number is sometimes utilised as a cutoff point for used cars.
However, thanks to advancements in automotive technology, the majority of vehicles built in this millennium will continue to run well past the 100,000-mile mark. As a result, the answer ultimately depends on the general condition of the vehicle.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
All of the following are examples of coupon bonds except. A. U.S. Treasury bills. B. Corporate bonds. C. U.S. Treasury notes. D. U.S. Treasury bonds.
Answers
All of the following are examples of coupon bonds except U.S. Treasury bills.
A coupon bond is a debt obligation with coupons attached that indicate semiannual interest payments. It is also known as a bearer bond or bond coupon. The issuer does not keep any records regarding the purchaser of coupon bonds, and the purchaser's name is not inscribed on any form of certificate. Typically, a treasurer is the person in charge of a treasury. In instance, if they are not an elected representative, this post may not always have final authority over the treasury's decisions.
Typically, the adjective "treasury" is treasurial. The word "tresorial" can also be used, however it typically refers to a treasurer.
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What is good example of active listening?
Answers
Answer:
looking directly at the person or thing and paying attention .
Explanation:
my best answer .
Answer:
- Building trust and establishing rapport.
- Demonstrating concern.
- Paraphrasing to show understanding.
- Using nonverbal cues which show understanding such as nodding, eye contact, and leaning forward.
- Brief verbal affirmations like “I see,” “I know,” “Sure,” “Thank you,” or “I understand”
Explanation:
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What is the most common way the Federal Reserve attempts to increase capital investment?
A.) lower tax rates
B.) increase buying bonds
C.) increase loanable funds
D.)lower interest rates
Answers
Answer:
D
Explanation:
If they lower interest rates. Consumers borrow and buy more making and increasing expansion of capital investments
Hope this helps
The Federal Reserve commonly attempts to increase capital investment by lowering interest rates, which makes borrowing more affordable and encourages businesses and individuals to invest and spend money.
The most common way the Federal Reserve attempts to increase capital investment is by D.) lowering interest rates. By reducing interest rates, the Federal Reserve aims to make borrowing more affordable for businesses and individuals, thereby encouraging them to invest and spend money.
Lower interest rates can incentivize businesses to take out loans for expansion, invest in new projects, and stimulate economic activity. This policy is a tool used to influence economic growth and investment within the country.
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suppose that the government imposes a new $1 per-unit tax on the production of soft drinks. the result would be a(n) in the equilibrium price of soft drinks and a(n) in the equilibrium quantity of soft drinks. group of answer choices increase; increase decrease; increase decrease; decrease increase; decrease
Answers
Suppose that the government imposes a new $1 per-unit tax on the production of soft drinks. the result would be a increase in the equilibrium price of soft drinks and a decrease in the equilibrium quantity of soft drinks.
When supply and demand coincide, the quantity of a good that customers desire to tax and the quantity that its suppliers are supplying are the same. The equilibrium price, which is obtained when the quantity of a good that consumers wish to purchase, is the only price at which consumer and producer plans coincide.(quantity requested) and the quantity of a good that producers want to sell (quantity supplied) are equal. The term "equilibrium quantity" refers to this universal quantity.
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