Question

what is a key principle of adam smiths idea of free - market economics? promoting free trade among nations and reducing government interference in markets centralizing economic planning under state authority encouraging trade restrictions to protect local industries increasing government control over prices and production 5 multiple answer 1 point what did karl marx argue was necessary to fully secure workers rights? increased individual ownership of businesses government deregulation of markets higher wages without changing ownership structures collective control of the means of production 6 multiple choice 1 point what did early advocates of specialization believe countries should do? specialize in producing goods that could be made cheaply using local resources produce all goods domestically to avoid foreign dependence focus on producing luxury goods for export import all goods to reduce production costs

Explanation:

Question 1 (What is a key principle of Adam Smith’s idea of free - market economics?)

Adam Smith's free - market economics emphasizes minimal government interference in markets and the benefits of free trade. The option "Centralizing economic planning under state authority" is against free - market as it advocates state control. "Encouraging trade restrictions to protect local industries" goes against free trade. "Increasing government control over prices and production" also contradicts the free - market idea of letting market forces operate. The correct option is the one that promotes free trade and less government interference.

Karl Marx's theory is based on the idea of socialism and communism. He believed that the means of production (factories, land, etc.) were owned by the bourgeoisie, and to secure workers' rights, the proletariat (workers) should collectively control the means of production. "Increased individual ownership of businesses" is a capitalist idea. "Government deregulation of markets" is a free - market capitalist idea. "Higher wages without changing ownership structures" does not address the root issue of who owns the means of production, according to Marx. So the correct option is about collective control of the means of production.

The principle of specialization in economics (from early advocates like those related to classical economics) is that countries should produce goods in which they have a comparative advantage, often related to using local resources cheaply. "Produce all goods domestically to avoid foreign dependence" is against specialization (which involves trade). "Focus on producing luxury goods for export" is not the main idea of specialization (it's about producing what you can make efficiently). "Import all goods to reduce production costs" is also against the idea of specialization (which is about producing some goods efficiently). So the correct option is about specializing in goods made cheaply with local resources.

Answer:

A. Promoting free trade among nations and reducing government interference in markets

Question 5 (What did Karl Marx argue was necessary to fully secure workers’ rights?)