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Scottish Philosopher and Economist Adam Smith Believed That

Question 6

Multiple Choice

Scottish philosopher and economist Adam Smith believed that


A) excessive consumption was the right of the upper class and they should not be regulated.
B) consumption should be regulated by conducting audits and imposing strict fines for excessive consumption.
C) wealth distribution would have a devastating impact on the welfare of the worker.
D) excessive consumption should only be used to prevent economic stagnation.

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