Adam Smith
A) supported laissez-faire policies that opposed any government intervention.
B) is closely associated with the theory of absolute advantage
C) believed that states should institute free trade policies unilaterally if necessary to permit the market to operate.
D) is closely associated with the theory of comparative advantage.
Correct Answer:
Verified
Q2: Liberals
A) are not attuned to the role
Q3: Interventionist liberals are more concerned than orthodox
Q4: John Maynard Keynes
A) viewed limits on imports
Q5: Keynesians have what view of deficit spending?
A)
Q6: The embedded liberal compromise
A) was supported by
Q7: Friedrich Hayek and Milton Friedman
A) reluctantly accepted
Q8: The term "stagflation" refers to what combination
Q9: Liberals generally posit that
A) trade is likely
Q10: Robert Keohane and Joseph Nye
A) believe there
Q11: Neomercantilists are more skeptical than liberals that
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