“it is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy. the ta[i]lor does not attempt to make his own shoes, but buys them of the shoemaker. the shoemaker does not attempt to make his own clothes, but employs a all of them find it [in their best interests] to employ their whole industry in a way in which they have some advantage over their neighbours, and to else they have occasion for.” from adam smith, an inquiry into the nature and causes of the wealth of nations, 1776. what economic concept is adam smith describing in this passage? a. division of labor c. productivity b. specialization d. paradox of value

What is the sequence of events that could lead to trade surplus

According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills

Required: 1-a. the marketing manager argues that a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. calculate the increase or decrease in net operating income. 1-b. should the advertising budget be increased ? yes no hintsreferencesebook & resources hint #1 check my work 8.value: 1.00 pointsrequired information 2-a. refer to the original data. management is considering using higher-quality components that would increase the variable expense by $2 per unit. the marketing manager believes that the higher-quality product would increase sales by 10% per month. calculate the change in total contribution margin. 2-b. should the higher-quality components be used? yes no