As a result of the Industrial Revolution O A. the ideas of Socialism were rejected O...

Question

Question

Answer 1

Answer #1

As a result of Industrial revolution

c.The factory system of production developed

In his argument in favour of Free Market Capitalism,Adam Smith

d.Stated that increased trade increaded living standards

which of the following were primarily responsible for the decline of the Roman Slave System

c.Merchants

Answer 2

Similar Homework Help Questions

Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...

Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
Match the following: Adam Smith David Ricardo John Maynard Keynes Choices: (2 are not used.) a....

Match the following: Adam Smith David Ricardo John Maynard Keynes Choices: (2 are not used.) a. founder of modern market economics comparative advantage-argument for mutual benefits of international trade comparative advantage-emphasized job displacements of international trade founder of modern macroeconomics invented capitalism duo If a firm has trouble selling its good, it can lower price. increase demand. decrease supply. both a) and b) are correct. 6. People often pay too much for goods because they are not aware of which...