Samir,a friend of yours,has called for more government regulation of business."After all",he says,"businesspeople are out to make a profit,not to create jobs or serve their customers.The government must pass more laws to require businesses to take the interests of consumers and workers into account".From these comments,it is clear that Samir:
A)agrees with the ideas of Adam Smith.
B)does not accept the philosophy behind Adam Smith's invisible hand.
C)is unaware of the fact that most businesses in Canada are actually owned by the government.
D)does not realize that government regulation is already the main determinant of business decisions in capitalist economies.

Question

Quizplus · Accepted Answer

Samir's statement suggests that he believes businesses prioritize profit over consumer and worker interests, which goes against the philosophy behind Adam Smith's invisible hand. The invisible hand suggests that in a free market economy, individuals and businesses acting in their self-interest will ultimately benefit society as a whole. Therefore, Samir's statement implies that he does not fully accept this philosophy. The other choices (A, C, and D) are not supported by Samir's comments.

Samir,a Friend of Yours,has Called for More Government Regulation of Business."After