Smith's concept of the division of labor relied on ______________.
A. specialization
B. equal pay
C. the "invisible hand"
D. consumers
E. laissez-faire capitalism
Answer: A
You might also like to view...
How did the geographic features of Southeast Asia influence the developmental possibilities, and the subsequent economic and social evolution, of the mainland states of Southeast Asia, the Malay peninsula, and the Indonesian archipelago?
What will be an ideal response?
In his second term, President Reagan departed from the militantly anti-Soviet stance of his first term by
a. joining with Soviet leader Gorbachev to end Soviet-American political and military conflicts in the Third World. b. supporting Russia if it would let go of the territories held in its Soviet empire. c. agreeing that the Soviet Union had a legitimate sphere of interest in Eastern Europe. d. making the Soviet Union a major trading partner of the United States. e. negotiating and signing nuclear arms reduction agreements with the new Soviet leader Mikhail Gorbachev.
Hubert Humphrey's narrow defeat in 1968 was due, in part, to
a. his conservative views on race. b. Richard Nixon's promise to escalate the war in Vietnam. c. the violence that had occurred at the Democratic convention in Chicago. d. the antiwar movement's support for Richard Nixon's candidacy.
By the fall of 1941:
A) the U.S. was fighting an undeclared naval war with Germany in the Atlantic. B) Americans were demanding that the U.S. formally enter the war. C) the U.S. had made no significant preparations for the coming war. D) both Germany and Japan were carefully avoiding any action which might bring the U.S. into the war.