Which of the following best represents Adam Smith’s view of government intervention in advancing public welfare?
a. Governments are responsible for intervening when it benefits the middle class.
b. Governments should let individuals pursue their own self-interests, and buy and sell whatever they wish.
c. Humans do not behave like rational economic creatures and must be forced into such behaviors.
d. Governments can influence a consumer’s desire to save, thereby lowering aggregate demand.
Answer: B
You might also like to view...
The realist view of scientific truth is a version of the ____________________ theory of truth
Fill in the blank(s) with the appropriate word(s).
According to Kant, duty is self-imposed
Indicate whether the statement is true or false.
Three institutions gave shape and content to Jewish life and faith: the Temple at Jerusalem and its cult, the synagogue with its social as well as religious function, and the Sanhedrin
Indicate whether the statement is true or false
"Anyone who discovered the law of gravity was a great physicist. Newton discovered the law of gravity. Therefore Newton was a great physicist" is
A) a propositional argument B) a categorical argument