Adam Smith, in his treatise, The Wealth of Nations, argued that
a. mercantilism was the best way to ensure state security.
b. wealth came from the goods and services purchased, not merely the accumulation of precious metals.
c. military expansion abroad was an inevitable product of capitalism.
d. imperialism was a result of the inter-European competition for dominance.
e. governments must heavily regulate the economy to ensure it ran smoothly.
B
You might also like to view...
What was one of the consequences for the Supreme Court that resulted from the defeat of the Confederacy during the Civil War?
A. The Court was bound to support the national government in any dispute since the war settled all questions related to the distribution of national and state powers. B. The Fifth and Fourteenth Amendments empowered the Court to fight discrimination. C. The Court faced a barrage of lawsuits related to the destruction of private property as a result of the fighting. D. The Court was obliged to devote more attention than ever before to policies emanating from the lower levels of government.
During the ratification debate, the supporters of the U.S. Constitution called themselves Federalists.
Answer the following statement true (T) or false (F)
Which of the following is an example of a reserved power?
a. the power to enact local zoning regulations b. the power to set a date for counting electoral college votes c. the power to commission naval officers d. the power to regulate commerce e. the power to tax and spend to construct national highways.
The following information directly reflects Namibia's dual economy
a. The country takes its name from the Namib desert along the coast, a name meaning "enclosure" in Nama, one of the indigenous languages. b. The business and governing elite speak English as the official language, while the great majority of the population speaks one or more of the indigenous languages. c. Tourism is important in the Namibian economy, with its public and private wildlife parks and substantial infrastructure of roads, hotels, restaurants, and services. d. The country's economic growth rate, low at 2.6 percent in 2000–2001, has not changed much in recent years. e. There are a minimum of eleven major ethnic groups, including the Ovambo, Herero, Nama, and "mixed race" peoples.