--%>

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 : Punishment must fir to crime by Jeremy

    In words of Jeremy Bentham, punishment for a particular committing a wrong against society must be: (i) decided by a jury of the person’s peers. (ii) depends on the individual’s intentions. (iii) depends on the criminal’s position in

  • Q : Basic economic questions NOT included

    The three basic economic questions do NOT include: (w) What?, (x) For whom?, (y) Where? and (z) How? Can someone explain me with about above problem of fundamental economic concept...

  • Q : Illustrate an example of Efficiency in

    Bobby Joe Bob owns a hog feed factory within Los Angeles, CA. Oddly adequate, there is not a large market for hog feed within L.A. Bobby Joe Bob moves his operation to a minute, backwards town termed as The Sticks, NC, where a huge market for hog feed awaits him. That

  • Q : Offsetting effects of Economic Growth I

    I have a problem in economics on Offsetting effects of Economic Growth. Please help me in the following question. Technological advances and resource diminution tend to join and hence a society’s production possibilities curve experiences: (i) R

  • Q : Examples of scientifically positive

    Illustrations of scientifically positive statements would comprise the assertion that: (i) executing jaywalkers and atheists will enhance the morality of average Americans. (ii) racial prejudice and violent criminal acts are symptoms of dysfunctional

  • Q : Prohibition in illustrations of

    Illustrations of normative statements would not comprise assertions which: (1) premeditated murderers deserve the death penalty. (2) Leonardo DiCaprio is a terrible actor. (3) AIDS and HIV are transmitted through sexual contact. (4) women must be paid

  • Q : Define the behave of standard economic

    Standard economic theory supposes that individuals behave: (w) along with charity towards others while they are particularly moral. (x) irrationally while they are in large groups. (y) like home economists when they are Homo sapiens. (z) purposefully

  • Q : Give an example of Absolute Prices When

    When the overall price level rises, then there are changes within: (i) absolute prices. (ii) subjective values. (iii) relative prices. (iv) objective prices. (v) tax rates. How can I solve my economics problems, which is related to

  • Q : Comparative Systems- Central planning

    Can someone help me in finding out the right answer from the following options. The command economy is mainly based on: (i) Laissez faire govt. policies and private property rights. (ii) ‘kolkhoz’ decision making. (iii) Well tuning production to match the

  • Q : Determine the requirements of

    Within broad economic terms "efficiency" needs: (w) an upward move within the production curve. (x) full employment. (y) it being not possible to make someone better off without creating someone else worse off. (z) producing cars with low gas consumption.