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Identify a Limitation of the Premise Made by Adam Smith

Question 41

Multiple Choice

Identify a limitation of the premise made by Adam Smith in The Wealth of Nations.


A) Smith's analysis did not give enough power to the state's role in capitalism.
B) Smith's analysis gave too much power to the state in the production of capitalism.
C) Smith described capitalism as an economy run by the masses, who do not have real power.
D) Smith described capitalism as a system of equality for all people.

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