Which of the following statements is associated with Smith's theory on economic productivity?
a. Subdivision of labor is more efficient than having one worker produce a product entirely by himself.
b. All of the answers are correct.
c. A nation should strive to produce a limited variety of goods.
d. He believed there would be more wealth for all with a free market than with a mercantilist system.
e. Free labor negotiated in the market would lead to more efficient production.
Question 2
Which of these statements about the voyage of the Mungo Park expedition in Africa is FALSE?
a. Information indicated that the Niger River system had a wider connection through North Africa and Egypt.
b. Studies showed that the Niger River flowed east and west.
c. Park reached Segu, still an important economic center in Africa's interior.
d. Information was collected on how the Niger River could be used as a highway of transport.
e. The expedition often depended on the hospitality or animosity of Africans.
The work of Charles Darwin forms the foundation for modern evolutionary theory.
The Elastic Rebound Theory
Two-Factor Theory
Economic value (Dollars per Hectare) of sustainable ecosystems
The Nebular Theory
economic question