Many classical economists such as Adam Smith believed that government should

Answers

Answer 1

Final answer:

Classical economists, particularly Adam Smith, favored minimal government interference in the economy, relying on market forces to regulate supply, demand, and prices. However, there is an understanding that government intervention might be necessary in cases of market failure, although its effectiveness should reflect the public interest.

Explanation:

Classical economists like Adam Smith were proponents of laissez-faire economics, a concept which advocates for minimal government intervention in the market. Smith's theory, discussed in his seminal work 'The Wealth of Nations,' suggests that the "invisible hand" of the market will lead to prosperity and efficient allocation of resources without the need for government interference. The principle of supply and demand would naturally adjust prices and production to meet societal needs. Smith conceded that some government roles were essential, such as infrastructure development and national defense, but opposed monopolies and business subsidies, believing they distorted market competition.

However, it is acknowledged that there are instances such as monopolies and negative externalities where government intervention may be necessary to correct market failures. Nonetheless, economists emphasize that government policies must be effective and reflective of the public interest, weighing the real-world strengths and weaknesses of both markets and governments. Ultimately, the debate on the government's role in the economy is about striking the right balance between productive market forces and necessary regulatory oversight to address systemic market issues.


Related Questions

In which courts are cases decided by a panel of judges? Check all that apply.

Answers

Answer:

Supreme courts

Explanation:

I know this is right because I've once had to do an essay on something like this

Answer:

the appeals court

the supreme court

the district court

Explanation:

Which term refers to the constitutional procedure for trying federal officials accused of
"Treason, Bribery, or other high Crimes and Misdemeanors"?
A. annulment
B. impeachment
C. incompetency
D. nullification​

Answers

Impeachment refers to the constitutional procedure for trying federal officials accused of "Treason, Bribery, or other high Crimes and Misdemeanors."

Answer:

impeachment

Explanation:

I got it right on the test

Which of the following serve each judicial district by prosecuting federal offenders?

Answers

Answer:

US Attorney

Explanation:

In each Judicial District, the lead attorney for the Federal Government is the US Attorney. They are responsible for overseeing the prosecution of Federal crimes.

Who was in charge of US forces in Japan following World War II?

Answers

Answer:

Douglas A. MacArthur

Hope this helps :)

Have a great day !

5INGH

Explanation:

Answer:

General Douglas MacArthur is the correct answer.

Explanation:

Douglas MacArthur was the general who commanded the US forces in the Pacific during the second world war, He administered Japan during Allied occupation and during the Japanese occupation from 1945-1951 he was in charge of demobilization of Japanese military forces, drafting of constitution and restoration of the economy. He made reforms in land distribution, labor, education, and women's rights. Later he also served as the commander of United Nations forces to defend South Korea.

Hawaii and Alaska were admitted to the Union in...

A) 1860
B) 1959
C) 1934
D) 1902

Answers

the answer is B they were admitted in 1959

1. By 1755, which ethnic groups were in Virginia?

Africans
English
Scots-Irish
all of the above

2. Between 1821 and 1830, from which country did the greatest number of immigrants come to the United States?

Ireland
Germany
France
Mexico

3. The bar graphs show the five countries from which the largest number of immigrants came to the United States.

In the decade from 1901 to 1910, from which continent did the greatest number of immigrants come?

Africa
South America
Asia
Europe

4. Which state had the largest Latino population in 2000?

Missouri
Idaho
Iowa
California

5. Which state had a larger Latino population in 2000?

Texas
Georgia

Answers

Answer:

Explanation:

1. Scots, Irish

2. Ireland

3. Africa

4. California

5. Texas

Answer:

1. By 1755, which ethnic groups were in Virginia?

all of the above

2. Between 1821 and 1830, from which country did the greatest number of immigrants come to the United States?

Ireland

3. The bar graphs show the five countries from which the largest number of immigrants came to the United States.

In the decade from 1901 to 1910, from which continent did the greatest number of immigrants come?

Europe

4. Which state had the largest Latino population in 2000?

California

5. Which state had a larger Latino population in 2000?

Texas

✹ BRAINLIEST ANSWER WILL BE CHOSEN ✹

What early hominid group is described in the chart below?
*I'll mark brainliest after reviewing completed assignment and confirming the answer*

A) - Australopithecus
B) - Homo erectus
C) - Homo habilis
D) - Homo sapiens
E) - Neanderthals

Answers

A)australopithecus ; they were extinct 2million years ago before the homo habilis & homo erectes homonid groups.

Answer:

A) Australopithecus

Explanation:

they lived 2.15 million years ago and they're tools were the most old tools found in todays history, they were mostly located on the eastern of Africa.

~batmans wife dun dun dun....

What effect did the signing of the Munich Pact have on Eastern Europeans?

Answers

Answer:

A lot of places were captured into dictatorship

Explanation:

Answer:

alot it changed it as human kind knows

Explanation:

In the Lorax the Oncler decimated the Truffla Trees. How do you think this compares to the rain forests around the world? Do you feel there can be anything done to save the rain forest? Explain

Answers

Answer:

Copying an answer from this site will NOT get you credit to get a passing grade in your History course.  You need to watch the Class Recording, we went over the answers together!

Explanation:

Answer:

I've seen Truffla Trees before. They are toxic. The Onceler actually did the Lorax a favor by cutting them down. If he would have left them, they would have killed everyone. This doesn't compare to the rain forest. Yes

Explanation:

The person in the image is most likely to be a(n)

Anthropologist
Glaciologist
Entomologist
Biologist

Answers

It’s anthropologist :) they study rocks, bones, skulls, etc... to find out the past and remains of people, animals, and more. They also study hyroglifics.

The person in the image is most likely to be an Anthropologist Option(a) is correct.

What is Anthropologist?

An anthropologist is an individual taken part in the act of human studies. Humanities is the investigation of parts of people inside over a significant time span social orders.

Anthropologists as a rule cover an expansiveness of subjects inside humanities in their undergrad training and afterward continue to spend significant time in subjects voluntarily at the alumni level.

In certain colleges, a passing test effectively tests both the broadness and profundity of a's comprehension understudy might interpret human sciences; the understudies what pass' identity is allowed to deal with a doctoral paper.

Anthropologists commonly hold advanced educations, either doctorates or graduate degrees. Not holding a postgraduate education is uncommon in the field. A few anthropologists hold college degrees in different fields than human sciences and advanced educations in humanities.

Therefore Option(a) is correct.

Learn more about Anthropologists here:

brainly.com/question/17595144

#SPJ2

What is an irrigation system? (Write 7 sentences) TYSMMM IF YOU DOOO!!!

Answers

Irrigation is the application of controlled amounts of water to plants at needed intervals. Irrigation helps to grow agricultural crops, maintain landscapes, and revegetate disturbed soils in dry areas and during periods of less than average rainfall. Irrigation also has other uses in crop production, including frost protection, suppressing weed growth in grain fields and preventing soil consolidation. In contrast, agriculture that relies only on direct rainfall is referred to as rain-fed or dry land farming. Irrigation systems are also used for cooling livestock, dust suppression, disposal of sewage, and in mining.

Which of the following explains the rise of a totalitarian government in Italy?
1. The people sought more democratic reforms.
2. The monarchy could not respond to the problems of the country.
3. The depression had weakened the appeal of Fascism.

Answers

Answer:

2 does

BTW I love ur pic, I still watch that show, lol.

Hope This Helps!  Have A Nice Day!!

Final answer:

The monarchy's inability to address Italy's socio-economic issues, coupled with the impact of the Great Depression, enabled the rise of Benito Mussolini's Fascist Party, which promised national unity and stability.

Explanation:

The rise of a totalitarian government in Italy is best explained by the fact that the monarchy could not respond effectively to the country's problems. During the interwar period, Italy faced severe economic conditions, political fragmentation, and social unrest. These issues were exacerbated by the onset of the Great Depression, leading to disillusionment with democratic governments. Fascist ideas, promoted by Benito Mussolini, capitalized on these problems by offering national unity, order, and strength at the cost of democratic freedoms.

Mussolini's Fascist Party promised to restore Italy's glory and counter the threat of communism, attracting support from various sectors including industrialists, the middle class, and the monarchy. Ultimately, the promise of stability in a time of crisis allowed fascism to become an appealing alternative to a faltering democracy, leading to Mussolini's authoritarian rule in Italy.

why is the rule of law important to the modern democracies

Answers

The rule of law important to modern democracies. A. It protects citizens from tyranny by ensuring that no one is above the law. B. It ensures that criminals will be strictly punished for violating the law.

protection of habeas corpus means that​

Answers

Answer:  The correct answer is : It means that citizens can not be detained without executing legal action.

Explanation:  Habeas corpus literally means "you have the body". A writ of habeas corpus can be filed by a person before a court that opposes his or her own arrest or the arrest of another person.

What was the union army’s response to the emancipation proclamation

Answers

Answer:  The correct answer is : They started recruiting freed slaves.

Explanation:  Abraham Lincoln said that freed slaves could join the Union army. Military service for them was very difficult, they were sent to regiments of black people led by white officers who gave them the worst jobs and paid them less than white soldiers. Many slaves who were released managed to flee.

Which of these would be considered an action that relates to foreign policy? A. The national government sends the national guard to help clean up a disaster. B. The national government declares war on a hostile country. C. The national government passes a law about education. D. The national government gives funding to a public welfare group.

Answers

Answer:

B

Explanation:

Answer:

B. The national government declares war on a hostile country

Explanation:

Why was Yugoslavia different from other Eastern Europe countries during the Cold War

Answers

Answer:

After World War II ended in 1945, Europe was divided into Western Europe and Eastern Europe by the Iron Curtain. Western Europe promoted capitalist democracies, and Eastern Europe came under the Communist influence of the Soviet Union.

Explanation:

????? Hellppppp a.vincent Van Gogh B. Pablo Picasso
C. Wassily Kandinsky D.pierre Auguste Renoir

Answers

Answer:

Wassily Kandisky

Explanation:

Please help?!!!!!!!!!!

Answers

Answer: the effect it had on people was was not good because it cause people to suffer food short cause some people not to have food. And if they didn’t have food people would die out because there was not  enough food to go around.

What year did Allen Feldhaus sr play UK basketball

Answers

Started in 1959 and played to 1962

Allen Feldhaus Sr. was a basketball player for the University of Kentucky in the late 1960s. His involvement is part of the sports history of the university and highlights the role of athletics in shaping students' careers.

Allen Feldhaus Sr. played basketball for the University of Kentucky in the late 1960s. Feldhaus was a notable figure on the basketball team during his time there, remembered for his on-court performances and his contribution to the team. Although the specific years of his tenure might vary based on different sources, it is generally agreed that he was a part of the team during this era.

It's important to note that the history of sports at university level, like at the University of Kentucky, contains numerous noteworthy personalities like Feldhaus. Participating in team sports at this level often paves the way for athletes to progress in their careers, whether that's continuing as professional athletes or applying their skills in alternative spheres.

Thus, Feldhaus Sr.'s participation in UK basketball is a part of sports history, and it pays tribute to the legacy of athletes who've made significant contributions to their university teams.

For similar questions on UK basketball

https://brainly.com/question/34038897

#SPJ12

Nubia provided each of the following items to the Egyptians except __________.

A. Ivory

B. Papyrus

C. Animal Skins

D. Precious Metals

Answers

Answer:

B. Papyrus

Explanation:

Egypt and Nubia were bordering with each other, so naturally they traded between each other. The Nubians had their empire located in a position through which the trade between sub-Saharan Africa and North Africa was going on. Sub-Saharan Africa had lot of attractive goods to offer, the Nubians were able to acquire them, and since they were demanded by the Egyptians, they were selling those goods to them. Some of the things that the Nubians provided for the Egyptians were Ivory, ebony, animal skins, and exotic animals as pets, precious metals etc. The papyrus was not one of the things that the Nubians provided to the Egyptians though, as the Egyptians had it in abundance so they were cultivating it by themselves.

Answer: the answer is b your welcome

Explanation:

What is Hammurabi’s Code?

Answers

The Hammurabi’s code is the code of Babylonian law formulated in around 1700 BC. Hammurabi is the sixth king of Babylonia who has written the code and made it to appear permanently on stones called steles. This code comprises of 282 laws.

hope this helps :)

Answer: The Hammurabi’s code is the code of Babylonian law formulated in around 1700 BC. Hammurabi is the sixth king of Babylonia who has written the code and made it to appear permanently on stones called steles. This code comprises of 282 laws.

What industry benefited directly from deep drilling of oil wells in the Anadarko Basin in the 1960’s and 1970’s?

Natural gas
Tourism
Agriculture
Ranching

Answers

Natural Gas is the answer

The industry that benefited directly from the deep drilling of oil wells in the Anadarko Basin in the 1960s and 1970s was Natural gas. Thus the correct option is A.

What is an industry?

The industry refers to an economic area where the manufacturing of goods will be done with the help of raw materials and machines as equipment and assemble the goods for distribution in the market.

Natural gas is a renewable energy source that is employed in the production of electricity, heat production, and essential commodities. In the production of polymers, it also serves as a raw material.

Drillers moved exploration and mining from dry land to open ocean almost by accident, resulting in a global petroleum revolution. In Oklahoma in the 1970s, massive rigs dug to depths. The Anadarko Basin covers more than 50,000 square miles.

Therefore, option A is appropriate.

Learn more about the industry, here:

https://brainly.com/question/28495859

#SPJ5

What was the role of a pope in the Catholic church?

A. a person who supervises a number of local churches or a diocese.

B. a high ecclesiastic appointed by the pope to the College of Cardinals and
ranking above every other ecclesiastic but the pope.

C. a person whose office it is to perform religious rites, and especially to make
sacrificial offerings.

D. the bishop of Rome as head of the Roman Catholic Church.

E. a bishop of the highest rank who presides over an archbishopric or
archdiocese.

F. a member of the dangviemploved to assistareator onvican.

Answers

Answer:

D. the bishop of Rome as head of the Roman Catholic Church.

Explanation:

Final answer:

The role of a pope in the Catholic church is the highest ranking spiritual authority in the Roman Catholic Church, responsible for decision-making on matters of faith and doctrine, presiding over religious ceremonies, and providing spiritual guidance to Catholics worldwide.

Explanation:

The role of a pope in the Catholic church

The pope, also known as the bishop of Rome, is the highest ranking spiritual authority in the Roman Catholic Church. They are considered the successor of Saint Peter and are believed to have received the keys to heaven from Jesus Christ. The pope's role includes making decisions on matters of faith and doctrine, presiding over religious ceremonies, and providing spiritual guidance to Catholics worldwide. The pope also has authority over temporal matters and historically had political power and influence.

If all the top "God cheif" from all religions had to fight who would win?

Answers

Oh jeez, i dunno man-

but, what im thinking is that the satanists 'n stuff might win, due to the fact that they pretty much have every form of evil on their side ig

hecc im still not too sure tho

Historical and religious narratives often depict divine beings as allies in warfare, suggesting a belief in divine intervention on behalf of those beings' respective followers. Examples include the Carthaginians' belief in the God of Israel and the role of supreme beings in various religious traditions.

The concept of 'God chiefs' from various religions engaging in conflict is deeply rooted in historical and religious narratives. Across different cultures and epochs, people have often believed their own deities were on their side in battles, such as during the conquest of Middle America, where the spread of smallpox was seen as divine intervention. Divine intervention is a recurring theme; for example, the Carthaginians attributed their success against the Jews to the God of Israel. Religious texts and traditions, like those of the Judeo-Christian-Islamic beliefs and Hinduism, often depict a supreme being or beings with great power and might, which adds complexity to any hypothetical conflict between such entities.

Which of the following statements describes
Vikings?They were primarily farmers
who farmed crops in
Scandinavia.
Vikings came from
Greenland and Iceland.
They helped to spread
Christianity throughout
Europe.
They sailed many rivers on
Europe on longships.

Answers

Answer:

They sailed many rivers on Europe on longships

Explanation:

The Vikings were a group of Germanic people from Scandinavia. As they did not had nice conditions for agriculture, they were mostly tied to the sea, be it for food, trade, explorations, or warfare. They were excellent warriors, and once they grew strong enough, they started to move along the coasts and rivers in the rest of Europe. The Vikings emerged to power in just the right moment, as the majority of Europe was relatively weak, so they managed to take over lot of coastal areas on the continent, important ports, and sailing through the larger rivers and controlling them and the trade through it. That made them very wealthy, and they also had a reputation as being giants and the best warriors, all of which was going well in their advantage.

What was Askia the Great’s attitude toward learning? He wanted to renew its importance. He wanted to do away with it. He wanted to keep it as a key feature. He wanted to use it to influence trade.

Answers

Answer: He wanted to renew its importance.

Explanation:

Askia Muhammad, I (ca. 1443 – 1538) promoted learning and education, guaranteeing that Songhai's universities provided the most outstanding students. In fact, many of the scholars ended up publishing important books, including  Askia´s nephew, Mahmud Kati.

Askia Muhammad made an agreement with the scholars of Timbuktu, to ensure the legitimacy of his capture of the Sonni dynasty, leading into a golden age for scientific and Muslim knowledge.

Answer:

A. He wanted to renew its importance.

Explanation:

Which of these art forms was a traditional form of Japanese poetry?
A. haiku
B. Kabuki
C. ukiyo-e
D. bunraku

Answers

Answer:

 A. haiku

Explanation:

Haiku is a 17-syllable verse form that consists of three lines. The lines have a metrical unit pattern of 5, 7, and 5 syllables. Usually, haiku poetry has a distinct grammatical break between the three different phrases.

What effect did the development of trade have on settlement patterns in medieval times?

A)More people moved to the cities in the Middle East to be near ports.
B)The size of towns grew as trading increased.
C)Population shifted to the manor to avoid the dangerous trade.
D)Only port cities grew as sea trade prospered.

Answers

B. The size of towns grew as trading increased

Answer:

B)The size of towns grew as trading increased.

Explanation:

From the twelfth century, there were profound changes in Europe, trade in the Middle Ages: the rural and closed economy, typical of the feudal era was gradually transformed into an open and commercial economy. Then, industry, markets and money regained importance. This commercial renaissance, which reached its peak in the thirteenth century. These changes led to the increase in population and the development of urban centers.

who was the 19 president

Answers

Answer: The 19th president is Rutherford B. Hayes.

Explanation:He was the president from 1877-1881 and was the 19th president.

the 19th president was rutherfold b. hayes

have a nice day!!

Other Questions
Which values are the solutions to the inequality below One key to success in a career is to be an accomplished A) problem solver B) antagonistC) procrastinatorD) hypocrite Partial qoutients 23111 Need help plz .You have $2500 to invest in two different accounts. In order to save the money you need for college, you need to average 7% interest. If the two accounts pay 7.5% and 6% interest, how much should you invest in each account? Round to the nearest dollar amount.A)$1667 in 7.5%, $833 in 6%B)$1833 in 7.5%, $667 in 6%C)$667 in 7.5%, $1833 in 6%D)$833 in 7.5%, $1667 in 6% Which measurement could be a surface area measure? 18 ft. 64.5 m3 27.9 mm2 50 g Drag the values to order them from least to greatest, with the least at the top. PLEASE HELP SOONFind the length of x. Please help meeeeeee Need help !!!!! ASAP Some transcription signals are located thousands of base pairs upstream of the gene they regulate. How does the distant signal initiate transcription? (2 points) Activation of the transcription signal releases a secondary messenger that binds to the start codon and initiates transcription. Long regions of DNA can loop over to enable regulatory connections. The distance between the transcription signal and the gene allows for preprogrammed delays in the start of transcription. The region between the transcription signal and the gene is an exon that is spliced out following activation of the transcription signal. The following is a(n) paragraph Cody hiked at an average speed of 1 mile per hour for 5 hours on Saturday. He hiked an average speed of 2 miles per hour for 3 hours on Sunday.Which explanation correctly tells how to calculate the total number of miles that Cody hiked in two days?A.Step 1: Multiply 1 5. Step 2: Multiply 2 3. Step 3: Add the two products.B.Step 1: Multiply 1 5. Step 2: Multiply 2 3. Step 3: Subtract the two products.C.Step 1: Divide 1 5. Step 2: Divide 2 3. Step 3: Add the two quotients.D.Step 1: Divide 1 5. Step 2: Divide 2 3. Step 3: Subtract the two quotients. what is the difference between metaphorically and symbolically? in terms on English literature.. You are to demonstrate that you understand what represents a function and what does not represent a function. You may do this by either writing a paragraph using complete sentences or drawing pictures with labels. (3)/3A. 3B. 3C. [tex]3^{9}[/tex]D. [tex]3^{8}[/tex] Last year Jonathan was 6034 inches tall. This year he is 6514 inches tall. How many inches did he grow? A branch of chemistry concerned with the chemical effects of light Please help!!! Who created the Greek alphabet and why? How did leaders in Germany, Italy, and Japan encourage support for fascist ideas? Check all that apply. by expanding political liberties by encouraging militarism by promising economic reforms by celebrating cultural differences by promoting extreme nationalismPLEASE HELP QUICK help me plzz show work plz