According to adam smith, why were mercantilist policies that limited trade unwise? o a. because consumers would be unhappy if they couldn't purchase imported items o b. because countries could be most productive by focusing on making certain goods and importing other items o c. because buying other countries' goods was the best way to the people in those countries o d. because trading with other countries was the best way to build gold and silver reserves
Which of the following statements would be supported by both a communist and a utopian socialist? a) a government should restrict the number of imports and exports to protect its gold reserves b) governments have no right to restrict the actions of businesses or customers c) society will shift towards socialist ideals without the need for violent revolutions d) the gains of the industrial revolution should be shared by all members of society
Why are both hamilton and jefferson writing to george washington? based on both of these letters, what seems to have been happening in george washington's administration? how can you tell?
The law of increasing costs states that as a country produces less of one product and more of another, there is an increase in the resources needed to expand production of the second product.