A basic premise of Adam Smith's invisible hand argument isa. human beings try to avoid acquisitive behaviorb. when people are left to pursue their own economic interests, disaster looms.c. the division of labor, though good for the firm, reduces overall efficiency.d. We often get what we want from others by offering something they need from us

Answers

Answer 1

The basic premise of Adam Smith's invisible hand argument is that when people are left to pursue their own economic interests, the market will self-regulate and create a stable, efficient economy.

Adam Smith was a philosopher and economist who believed that individuals acting in their own self-interest could lead to overall economic prosperity. According to Smith, when individuals pursue their own economic interests, they will naturally compete with each other and produce goods and services that are in demand by consumers. The price of goods and services will be determined by supply and demand, and the market will self-regulate to reach a state of equilibrium. This process is known as the "invisible hand," because it is not directed by any central authority, but rather emerges through the actions of individuals pursuing their own interests.

In summary, the invisible hand argument suggests that when individuals are left to pursue their own economic interests, the market will self-regulate and create a stable, efficient economy. This idea has been influential in the development of capitalist economic theory and is still debated by economists today.

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Related Questions

Reading market news by non-U.S-based publications will help:

Answers

Answer:

broadening the investor base and also allowing them to become better integrated into the local business scene.

Explanation:

List any THREEshopping skill that you will follow.

Answers

1. Comparing prices
2. Negotiating major purchases
3. Evaluating competing products
4. Separating quality from quantity when clothes shopping
5. Determining want versus need
6. Learning how to just say NO
7. Identifying the right times to buy things
8. Seeing the value in used goods
9. Avoiding shopping hungry OR emotional
10. Knowing your shopping triggers and staying away from them

There are 10 shopping skills that we can follow , you can choose any 3 from these and answer your question.

assume you are in charge of establishing a training program for supervisors in administering discipline. based on the supervisor’s potential role in the disciplinary process, formulate and discuss three major principles you would stress in this session.

Answers

As a supervisor, your role in administering discipline is crucial for maintaining a productive and harmonious work environment.

To establish an effective training program for supervisors in administering discipline, I would stress three major principles:

1. Fairness and Consistency:

One of the most important principles in administering discipline is fairness. Supervisors should strive to treat all employees equitably, regardless of personal biases or preferences. This means applying the same set of rules and consequences to all employees who engage in similar misconduct. Consistency is essential to build trust and credibility among employees, as it ensures that everyone is held to the same standards. During the training program, supervisors would be educated on the importance of impartiality, objective decision-making, and following established policies and procedures to ensure fairness in the disciplinary process.

2. Clear Communication and Documentation:

Effective communication is key when addressing disciplinary issues. Supervisors should be trained to clearly articulate expectations, policies, and consequences to employees, both proactively and when addressing specific incidents. It is important to clearly explain the reasons behind the disciplinary action, providing constructive feedback and guidance to help employees understand the impact of their actions and opportunities for improvement. Additionally, supervisors should be trained on the significance of documenting disciplinary actions and conversations, including dates, details, and any relevant evidence. Accurate and thorough documentation serves as a valuable resource for future reference, legal compliance, and consistency.

3. Coaching and Support:

While the disciplinary process is intended to address misconduct and reinforce appropriate behavior, it should also serve as an opportunity for growth and development. Supervisors should be encouraged to adopt a coaching mindset, focusing on identifying underlying issues, providing guidance, and offering support to employees who have engaged in misconduct. This approach helps employees understand the impact of their actions and encourages them to take responsibility for their behavior. During the training program, supervisors would be provided with techniques and strategies to effectively coach employees, including active listening, empathy, goal-setting, and providing constructive feedback. The aim is to foster a positive work environment where employees feel supported and motivated to improve their performance.

In summary, the three major principles that I would stress in the training program for supervisors in administering discipline are fairness and consistency, clear communication and documentation, and coaching and support. By adhering to these principles, supervisors can ensure a fair and transparent disciplinary process that promotes employee growth and contributes to a healthy work culture.

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Why’s are payroll withholding and estimated tax useful

Answers

Answer:

it is actually "They make sure people aren't surprised by how much they owe for the year all at once." i just took the quiz

Explanation:

Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?.

Answers

This is because of the following reasoning:-

The curved shape reflects the law of diminishing returns. This law states that there comes a point where an added production factor has less of an impact. For example, adding additional resources toward the production process may initially result in fairly large gains.

What does production possibility frontier show?The Production Possibilities Frontier (PPF) is a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology. The PPF captures the concepts of scarcity, choice, and tradeoffsA production possibilities curve shows the combinations of two goods an economy is capable of producing. The downward slope of the production possibilities curve is an implication of scarcity. The bowed-out shape of the production possibilities curve results from allocating resources based on comparative advantage.

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sue and charlie are siblings and are very different from each other. sue needs to be asked repeatedly to share, while charlie freely shares with other children in need. according to the text

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If sue and charlie are siblings and are very different from each other. sue needs to be asked repeatedly to share, while charlie freely shares with other children in need. according to the text: Sue and Charlie's pattern of engaging in prosocial behaviors as children is likely to follow them into adulthood.

What is prosocial behaviors?

Prosocial behaviors can be defined as the type of behavior that has to do with the ability of a person to support or help others.

A person with prosocial behavior personality enjoys rendering help to others especially those in needs and this person tend to as well love others more than they way they loves themselves.

Therefore sue and Charlie have different personality despite been siblings.

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Which one of the following is included in current assets?(a) Common stock(b) Accounts receivable(c) Taxes payable(d) Automobiles.

Answers

The following is included in current assets (b) Accounts receivable.

A current asset — here and there called a fluid resource — is a momentary resource that an organization hopes to go through, convert into money, or sell inside one monetary year or working cycle. Non-current resources, then again, are long-haul resources that can't be promptly changed over into cash in one year or less.

Current assets (likewise called momentary resources) are resources a business utilizes, replaces, or potentially converts to cash inside an ordinary working cycle (regularly under a year). It recognizes them from long haul resources, those a business utilizes for over a year.

Examples of Current Assets are Money and counterparts, Momentary speculations (attractive protections), Records receivable, Stock, and Prepaid costs.

Hence option (B) is correct.

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Can someone hurry and help me please!! If you answer be at least 99% sure. Thank you!
What is a likely result of an increase in trade between nations?
A. It will provide consumers with more choice at lower prices.
B. It will increase the cost of goods due to increased competition.
C. It will lower the standard of living in the weaker trade nation.
D. It will restrict the market for domestic products.

Answers

Answer:

The answer is A. It will provide consumers with more choice at lower prices.

Explanation:

Option (a), which will give customers more choices at a reduced cost, is the best choice.

What is a likely outcome of an increase in international trade?

Trade allows for the expansion of markets and access to products and services that might not otherwise be available locally. The competitiveness in the market has increased as a result of global trade. The cost of the final product for the consumer is reduced as a result of increased pricing competition.

Because it promotes market specialization, fosters innovation, and decreases the cost of commodities globally, trade is crucial for maintaining a competitive global economy. A further benefit of trade is having access to goods and services that may be more affordable and of higher quality than those that are provided domestically.

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given the allocation y as derived in the previous problem, what is the standard deviation of the rate of return on your client's portfolio?

Answers

To calculate the standard deviation of the rate of return on your client's portfolio given the allocation y, you should follow these steps.

The steps-

1. Determine the individual assets' returns and their respective weights (allocation y) in the portfolio.
2. Calculate the weighted average return of the portfolio by multiplying each asset's return by its weight and summing up the results.
3. Determine the variance of each asset's return by calculating the squared difference between each asset's return and the weighted average return, multiplied by its weight.
4. Sum up the variances of each asset to obtain the total portfolio variance.
5. Calculate the standard deviation of the rate of return by taking the square root of the total portfolio variance.

By following these steps, you can determine the standard deviation of the rate of return on your client's portfolio, which is a measure of the portfolio's risk.

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Country Kelani has I = $200 billion, S = $400 billion, and purchased $600 billion of foreign assets, how many of its assets did foreigners purchase?

Answers

Answer:

$400 billion

Explanation:

options:

A) $0 billion

B)$1,200 billion

C) $200 billion

D) $400 billion

D) $400 billion is correct answer

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The primary factor that looms as a reason for an increase in the amount of time and money that small businesses should spend on marketing research isA) Poor economyB) LawsuitsC) CompetitionD) Changing conditions

Answers

The primary factor that looms as a reason for an increase in the amount of time and money that small businesses should spend on marketing research is Competition. The correct option is C.

What is the primary factor?

Competition drives businesses to continuously improve and adapt their strategies, and effective marketing research helps them understand their target audience, identify opportunities, and stay ahead of competitors.

Competition is something that usually causes the extension in business as i the profit and also the loss that are caused by the Competition a causes the loss or maybe profit to others.

Therefore, the correct option is C.

Answers

Answer:

Consumer protections sound like it should be a guarantee in Usa, but the government never intervened to protect citizens in the 1960s.

It began mostly with 1968 Consumer Credit Protection Act, when Congress stepped on from violence to defend consumers and their financial histories.

Many regulations expanded investor protections in the years that followed, detailing how the government can obtain records from bank clients, how banks manage lenders and how lenders manage deposit accounts.

During the Great Depression of 2008, it all reached a climax and with that, the financial stability oversight Bureau was created, a new federal department committed to defending customers.

Answer:

For this report I chose to use the Truth in Lending Act. The Truth in Lending Act protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans. This protects you from loan overdraft and over billing. This allows the consumer ease to their day of anytime they run into finacial issues. As this makes better sense to consumers it helps others all over the world. People use it in hopes that this will help them in everyday.

Explanation:

Give one example of a government-imposed price control and
explain:
How it works,
A situation in the marketplace in which you have seen it
occurring, and
What effects you see.

Answers

One example of a government-imposed price control is rent control. Rent control is a policy where the government sets a limit on the amount a landlord can charge for rent. How it works: The government determines a maximum allowable rent increase or sets a maximum rent amount that landlords can charge for their rental properties.

A situation in the marketplace: Rent control can be seen in cities with high housing demand, such as New York City and San Francisco. In these areas, rent control aims to protect tenants from excessive rent increases and maintain affordable housing options. Effects: Rent control can have both positive and negative effects. On the positive side, it can provide stability for tenants by preventing sudden rent increases and allowing them to stay in their homes.

It can also help to preserve diverse communities by preventing displacement. However, rent control can also discourage investment in rental properties, leading to a decrease in the supply of housing. In conclusion, rent control is a government-imposed price control that limits the amount landlords can charge for rent. While it can provide stability for tenants, it can also have unintended consequences such as decreased housing supply.

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What are the disadvantages of a closed economy?

Answers

A closed economy is an economic system in which trade with other countries is restricted or prohibited. This means that the country is self-sufficient and relies solely on domestic production to meet its needs.

There are several disadvantages to a closed economy:

Limited access to resources: A closed economy may not have access to all the resources it needs to produce goods and services. This can lead to shortages or higher costs for certain goods.

Limited access to technology: A closed economy may not have access to the latest technology and innovations that are developed in other countries. This can make it difficult for the country to remain competitive and may limit its economic growth.

Limited market size: A closed economy has a smaller market for its goods and services, which can limit the potential for economic growth and development.

Lack of specialization: A closed economy may not have the opportunity to specialize in certain industries or sectors, which can lead to inefficiencies and a lack of competitiveness.

Lack of diversification: A closed economy may be more vulnerable to economic shocks and fluctuations, as it does not have the diversification of a more open economy.

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lacy is a single taxpayer. in 2022, her taxable income is $44,000. what is her tax liability in each of the following alternative situations? use tax rate schedule, dividends and capital gains tax rates for reference.

Answers

Lacy's tax liability in 2022 with a taxable income of $44,000 as a single taxpayer is $6,165

Using the tax rate schedule for single taxpayers in 2022, Lacy's tax liability will be $6,165.
To determine Lacy's tax liability, we need to use the 2022 tax rate schedule for single taxpayers. The brackets for 2022 are as follows:

1. 10% on income up to $9,950
2. 12% on income between $9,951 and $40,525
3. 22% on income between $40,526 and $86,375

Since Lacy's taxable income is $44,000, we need to break it down into the relevant tax brackets:

1. The first $9,950 is taxed at 10%, which results in $995 in taxes.
2. The amount between $9,951 and $40,525 ($30,574) is taxed at 12%, resulting in $3,668.88 in taxes.
3. The remaining income between $40,526 and $44,000 ($3,474) is taxed at 22%, resulting in $764.28 in taxes.

By adding these tax amounts together, we get Lacy's total tax liability for 2022:
$995 + $3,668.88 + $764.28 = $6,165.16

Therefore, Lacy's tax liability in 2022 with a taxable income of $44,000 as a single taxpayer is $6,165.

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A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 10 retail clients and 20 institutional clients. FINRA defines this as:

Answers

Answer:

A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 10 retail clients and 20 institutional clients. FINRA defines this as: a retail communication.

Explanation:

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can woolworths raise extra capital for expansion

Answers

Woolworths can raise extra capital for the expansion a shop in each kingdom in Australia. With the organisation and its stores strolling correctly. Woolworths commenced to experiment with expanding their grocery range more shops began stocking clean culmination and vegetables and a bigger variety of meals.

Woolworths has created an aggressive facet thru its tremendous logistics systems and particularly organized providers' contracts, which ensure that goods are introduced at the proper time. further, the employer uses era to manipulate its delivery chain and stock.

Woolworths has created an aggressive part thru its outstanding logistics systems and relatively organized providers' contracts, which ensure that items are brought at the right time. in addition, the employer makes use of technology to control its supply chain and stock.

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Please help. Atleast the top 2

Answers

Answer:

Number 1 is Pure Market. Number two is socialist, I'm pretty sure.

Explanation:

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In your own words, compare and contrast the commercial ventures
of the Hudson's Bay Company and the Northwest Company during the
fur trade.
Please answer 150-250 words. No plagiarism.

Answers

During the fur trade, both the Hudson's Bay Company and the Northwest Company were involved in commercial ventures related to fur trading. The Hudson's Bay Company had a monopoly and relied on trading posts and forts, while the Northwest Company used tactics like trading on credit and had a decentralized management structure.

While there were similarities between the two, there were also significant differences in their approach to doing business.

The Hudson's Bay Company was established in 1670 and had a monopoly on fur trading in what is now Canada until 1821. They were primarily focused on obtaining furs from Indigenous people in exchange for goods like blankets, metal tools, and weapons. They also had a network of trading posts and forts that were strategically located throughout the region, allowing them to control the trade routes and maintain their monopoly. Additionally, the company had a hierarchical structure with employees and management working together to ensure the success of the business.

On the other hand, the Northwest Company was formed in 1783 as a direct competitor to the Hudson's Bay Company. They were a more dynamic and aggressive organization, using tactics like trading on credit and paying higher prices for furs to attract Indigenous traders. The Northwest Company also had a decentralized management structure, with partners investing in the company and working together to make decisions. They also relied heavily on voyageurs, French-Canadian fur traders who would travel long distances to collect furs from Indigenous traders.

In summary, while both the Hudson's Bay Company and the Northwest Company were involved in fur trading during the same period, they had different approaches to doing business. The Hudson's Bay Company had a monopoly and relied on trading posts and forts, while the Northwest Company used tactics like trading on credit and had a decentralized management structure.

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Erik's job is to negotiate the best price for his client, a retaller that sells high-end shoes. He approaches a shoe manufacturer with whom the retailer wants to carry out business. He tells the manufacturers that his client is willing to purchase 10 pairs of shoes of every size if they lower their price by 10 percent. What kind of intermediary is Erik?
A. distributor
B. consumer
C. wholesaler
D. broker

Answers

Answer:

D. broker

Explanation:

A broker is a person or a firm who organizes or arranges for financial transactions between two parties or more. A broker is an intermediary because they connect a willing seller to a willing buyer for a commission. Brokers do not take ownership of the products being transacted. They only create a link between buyers and sellers.

Erick is a broker. He acts on behalf of the retailer and connects them to the manufacturer.

A ledger account is divided into. *

2 points

2 parts

3 parts

4 parts

5 parts

14 parts

Which of the following transactions involves contra entry? *

2 points

Bank charges

Cash sales paid into the bank

Paid cash into the bank

Withdrew cash from the bank for private use

Putting it in one's pocket

The main book of account is the *

2 points

petty cash book

journal

purchases book

ledger

none of the options

The following keys are found in both the computer and typewriter except *

2 points

back space

delete key

home row keys

space bar

number lock key

Which of the following analyses cash expenses into various sub-heads? *

2 points

Double column cash book

Multiple cash book

Petty cash book

Single column cash book

Quadruple column cash book

“Continue with the preceding one” is represented with which of these symbol signs in manuscript? *

2 points

L. c

B. U. c

insert

Run on

go away

How many columns has the simplest form of a ledger? *

2 points

2

4

6

8

12

When typing a document in a hanging paragraph, the second and subsequent lines are type in how many space/s to the right of the first line? *

2 points

One

Two

Three

Five

Four

A memorandum should not contain *

2 points

date and reference

date and subject

salutation and address

name and date

subject, date and reference

The source document that is used to prepare the petty cash book is called *

2 points

invoice

debit note

receipt

petty cash voucher

cash booklet

Answers

Answer:

1) 2 parts

2) withdrew cash from Bank for personal reasons

3) ledger

4) delete key

5) petty cash book

6) run on

7) 4

8)three

9) date and subject

10) receipt

As a director of InstaTalk Inc., Jim has a right of inspection. This right can be restricted by Group of answer choices the corporate articles. an act of the board. the bylaws. none of the choices.

Answers

The right of inspection of a director, like Jim, can be restricted by the corporate articles and the bylaws of the company, option B and D is correct.

These documents outline the specific rights, responsibilities, and limitations of directors and shareholders. The corporate articles establish the foundational principles and governance structure of the company, including any provisions regarding directorial rights.

The bylaws, on the other hand, provide more detailed regulations for the internal operations of the company, including director's rights and limitations. Both the corporate articles and the bylaws can impose restrictions on the right of inspection to protect the company's interests and maintain confidentiality of certain information, option B and D is correct.

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The complete question is:

As a director of InstaTalk Inc., Jim has a right of inspection. This right can be restricted by

A. an act of the board.

B.the corporate articles.

C.none of the choices.

D.the bylaws.

Leana has an annual contract with Industrial Injection Molding Solutions to provide property maintenance services; this includes lawn care, snow removal and parking lot maintenance. Leana spends, on average, 20 hours per week working at the company’s premises and is paid a flat amount monthly. She hires part-time workers, when necessary, to assist her. Leana does not have any other clients.
Leana uses her own small tools; however the company supplies and maintains a riding lawn mower and a snow plow for her use. Her contact at the company is Kinta Abadio, the Facilities Supervisor, who meets with her every Monday to discuss the work to be done that week. Kinta approves Leana’s monthly invoices and submits them to Accounts Payable.
Does Leana have a contract of service or a contract for service with Industrial Injection Molding Solutions? As the company’s Payroll Manager, explain to Kinta the process and factors you used to make your decision.
Prepare your response (350 – 500 words) using your name, correct spelling, grammar and punctuation. You will be penalized if you are excessively over or under the suggested word count. Your response to this question must be stated in your own words and should be based on the course material, your experiences, knowledge gained through the course and at least one external government resource.
You can copy and paste text from another program into the platform, however you will be unable to copy tables created in Word or Excel. Please utilize the platform’s built-in editing tools to format your text.
Any responses taken directly from the external government resource or course material will not be accepted. Information referenced from the government resource(s) and the course material must be cited. For example:
if you are referencing the Canada Revenue Agency’s Employers' Guide - Payroll Deductions and Remittances – T4001, state the URL where the information can be found, https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4001.html and the page number, if applicable
if you are referencing the course material, state the course name, chapter and page number where the information can be found (for example, PCL, 1-1)

Answers

Based on the information, since Leana is an independent contractor, the company should not deduct income tax, Canada Pension Plan (CPP) contributions,

How to explain the information

A contract of service typically exists in an employer-employee relationship where the worker performs services as an integral part of the employer's business.

In this case, several factors suggest that Leana has a contract for service rather than a contract of service:

Control over work: Use of own tools: Hiring part-time workers: Flat monthly payment:

Based on these factors, it can be concluded that Leana has a contract for service with Industrial Injection Molding Solutions. She operates as an independent contractor, providing property maintenance services to the company on a regular basis.

As the Payroll Manager, it is important to understand the nature of the working relationship in order to fulfill payroll obligations correctly. Since Leana is an independent contractor, the company should not deduct income tax, Canada Pension Plan (CPP) contributions, or Employment Insurance (EI) premiums from her payments. Independent contractors are responsible for remitting their own taxes and contributions.

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a financial exchange will need to occur. Evaluate each of the following types of financial exchanges and recommend the best option for the exchange.
(a) Cash
(b) Credit
(c) Debit
(d) Electronic Funds Transfer (EFT)

Answers

Financial exchange can be of different types however the best option for exchange is A. Cash.

What is Credit?

Credit is the type of transfer of financial assets, this transfer includes financial institutions in this type the funds are transferred.

Debit

An exchange type is debit which is the transfer of financial liabilities in return of a consideration, One party transfer a good or service and instead of payment the party which transferred goods also transfers some liabilities.

Electronic Funds Transfer (EFT) is the exchange which is completely online and transfer is made through financial institutions, this transfer is quick.

Cash is the most preferred mode of exchange and therefore this is considered as the best option. Cash is paid in hand, it has the lowest risk of false transfer.

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The ledger of cullumber company contains the following balances: owner's capital $ 30,700. owner's drawings $ 1,700, service revenue $ 49,000, salaries and wages expense $ 26,500, and supplies expense $ 6,100. prepare the closing entries at december 31. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required select "no entry for the account titles and enter for the amounts:) date account titles and explanation debit credit dec. 31 (to close revenue account) dec. 31 (to dose expense accounts) dec. 31 (to close net income (loss)) dec. 31