In The Wealth of Nations (1776) ,Adam Smith made all of the following arguments for laissez-faire capitalism,EXCEPT
A) the desire for profit is the invisible hand that guides a capitalist system.
B) the government should not be allowed any role whatsoever in the economy.
C) private firms should be left alone to make their production and distribution decisions.
D) firms will produce a good when there is a demand for it.
E) certain areas of the economy were better run by government agencies.
Correct Answer:
Verified
Q4: The Tennessee Valley Authority is
A)an electricity industry
Q5: The term externalities refers to
A)regulations imposed on
Q6: Which of the following government agencies regulates
Q7: The _ established minimum wages.
A)Securities and Exchange
Q8: Economic efficiency requires
A)that the free market not
Q10: What did Congress do in 1995 to
Q11: What happened after Lehman Brothers went out
Q12: The Progressive Era of government regulation focused
Q13: Which of the following has been a
Q14: Which of the following is correct about
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