Прочитайте текст и выполните задания The Sources of Economic Wealth 1. In 1776 new technologies were...: ответ на тест 1110679 - Английский язык

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The Sources of Economic Wealth
1. In 1776, new technologies were being invented and applied to the manufacture of cotton and wool, iron, transportation and agriculture in what came to be called «The Industrial Revolution». Adam Smith, the founder of the economic theory, was keenly interested in these events. He wanted to understand the sources of economic wealth. He analyzed the way markets organize economic life and influence economic growth. He showed that a system of prices and markets is able to coordinate people and business without any central direction. He found that two main sources of economic wealth of a nation are the division of labour and free domestic and international markets.
2. Smith defined the division of labour as the source of «the greatest improvement in the productive power of labour». The division of labour became even more productive when applied to creating new technologies. Scientists and engineers, trained in extremely narrow fields, became specialists at inventing. Their powerful skills speeded the advance of technology. Machines started performing repetitive operations faster, and more accurately than people.
3. But, said Smith, the fruits of the division of labour are limited by the extent of the market. To make the market as large as possible, there must be no impediments to free trade both within a country and among countries. Smith argued that when each person makes the best possible economic choice based on self-interest, that choice leads as if by an Invisible Hand to the best outcome for society as a whole.
Ответьте на вопрос:
Why is it important that each person should make the best possible economic choice?
Варианты ответов
  • This will result in market growth.
  • Ultimately, the whole society benefits from it.
  • There will be no impediments to the free trade.
  • The consumer’s rational choice leads to fair competition among suppliers.
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Вопрос задал(а): Анонимный пользователь, 13 Ноябрь 2020 в 19:43
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