--%>

Theory of Smiths - Economic Development

Theory of economic development by Adam Smith relies upon a ________ to kick-start the process, and subsequently _________ to continue this.  (w) higher wages./ the wages fund. (x) division of labor/ higher wages. (cy) explosive population development / economies of scale. (z) division of labor / capital accumulation.

Hey friends please give your opinion for the problem of Economic that is given above.

   Related Questions in Public Economics

  • Q : Erroneous analysis LEAST attributable

    The erroneous analysis that economists seldom agree is LEAST attributable to the fact such that economists are: (w) acquire little media coverage while they agree, when disputes about how economic theory must be translated in policy a

  • Q : Requirement of technically efficient

    I need a good answer on the topic of Economic problems. Please give me your suggestion that for production to be technically efficient needs that the: (i) Maximum benefits are acquired at the highest possible cost. (ii) Opportunity costs of production

  • Q : Economic growth and development I have

    I have a problem in economics on Economic growth and progress. Please help me in the following question. The Economic growth in a proficient economy will be decreased by: (i) Investment in new capital. (ii) Technological advances. (iii) Expanding the

  • Q : Illustrate Prices of gold and silver in

    Gold and silver, both although better conductors of electricity than copper, are not generally used for household electric circuits since they are much more expensive. It illustrates prices like: (i) Information. (ii) Rationing devices. (iii) Incentiv

  • Q : Problem regarding the distributive

    Ted and Willy are eating lunch. Ted has a Snowball and Willy a Ding Dong for dessert. Strongly prefer both Ding Dongs. A required trade of Willy's Ding-Dong for Ted's Snowball would be likely to enhance: (w) distributive efficiency as Fred is better off. (x) allocativ

  • Q : How to recognize economics as a field

    recognize economics as a field of economics

  • Q : Illustrate an economics problem of

    Assume that Michael Jordan purchases the New Jersey Nets basketball franchise and, expecting an explosion of sales at his car dealerships, he instructs two hundred new extra Toyotas. By an economic perspective, his buy of the Nets franchise is: (w) smart marketing str

  • Q : Socialism of nonhuman resources The

    The system in which the government acts as the trustee for all members of society by owning most of the nonhuman resources is: (1) The market system. (2) Capitalism. (3) Decentralized (4). Socialism. Can someone please help me in f

  • Q : Laws and government regulations of

    Most of the economists agree that the property rights are finally defined and recognized primarily by: (i) The ‘invisible hand’ of the market system. (ii) The labor theory of value. (iii) Laws and government regulations. (iv) Supply and demand. (v) The bru

  • Q : Decision making and outputs as well as

    Particular decision making and how outputs and prices are determined are the mainly focus of: (w) Occam’s razor (x) microeconomic analysis. (y) macroeconomic theory. (z) economic efficiency Hey friends please give your opinio