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) is unaware of the fact that most businesses in Canada are actually owned by the government.
B) agrees with the ideas of Adam Smith.
C) does not realize that government regulation is already the main determinant of business decisions in capitalist economies.
D) does not accept the philosophy behind Adam Smith.
Correct Answer:
Verified
Q50: The market price of apples is currently
Q51: In an effort to promote rapid growth,the
Q52: The nation of Tryland has seen the
Q53: The total value of final goods and
Q54: One of the greatest concerns associated with
Q56: Today,the economic systems of most nations could
Q57: A collapse in the national banking system
Q58: One of the dangers of free markets
Q59: The economic system that has led to
Q60: A(n)_exists when a large number of firms
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents