For many years, Congressman Ricardo Perez has called for more government regulation of business. "After all," the Congressman said recently, "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 Congressman Perez:

Question

Quizplus · Accepted Answer

Congressman Perez's statement shows that he does not accept the "invisible hand" concept brought forth by Adam Smith, which suggests that businesses, by pursuing their own self-interest, inadvertently benefit society as a whole. Instead, Perez believes that government intervention is necessary to ensure that businesses take the interests of consumers and workers into account.

For Many Years, Congressman Ricardo Perez Has Called for More