The central thesis of Adam Smith's The Wealth of Nations is that economic markets ________.
A) will create greater wealth for society if governments practice laissez-faire capitalism
B) work best in societies with capitalistic foundations
C) are more prosperous under Marxist principles in which the government controls the economy
D) will create greater wealth for society if governments practice Keynesianism economics
E) flourish under any level of government intervention if taxes are low
Correct Answer:
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Q13: The economic philosophy that promotes private ownership
Q14: Which of the following contains the set
Q15: Which is a product or benefit provided
Q16: Since 1917, _ taxes have been the
Q17: Keynesian economics _.
A) promotes active government intervention
Q19: Which amendment to the U.S. Constitution empowered
Q20: _ is an economic philosophy that advocates
Q21: In the absence of environmental laws, many
Q22: In general, a/an _ is most threatening
Q23: National defense, which provides security against foreign
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