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Smith Assumed That Everyone Has Labor of Some Kind That

question 16

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Smith assumed that everyone has labor of some kind that others need so that everyone has a place in the economy. Does the global economy really need the labor and skills of all 6.7 billion humans? Or is there a surplus of labor in the world? Has history shown Smith to be, for the most part, right or wrong? Why or why not?


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STI

Sexually Transmitted Infection, diseases spread through sexual contact, caused by bacteria, viruses, or parasites.

Newborns

Refers to infants who are in the first days or weeks of life, typically up to about one month old.

Responsive

Being reactive or sensitive to stimuli or changes in the environment; in technology, it often refers to software or websites that adjust effectively to various devices.

Moderate Voice Pitches

Refers to the range of vocal frequencies that are neither too high nor too low, often perceived as pleasant and clear.

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