Why did Adam Smith advise nations to allow their economies to remain as free as possible from government interference?
A.
He thought that governments would become dictatorships if they became involved in economics.
B.
He thought that taxes would become too high if the government became involved in economics.
C.
He thought that the market forces of supply and demand could run economies more efficiently than governments could.
D.
He did not understand modern economics.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why did Adam Smith advise nations to allow their economies to remain as free as possible from government interference? A. He thought that ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
As a manager at Johnson Electric, an armature motor manufacturer, Oliver is responsible for quality. As he carries out his controlling function, Oliver sets the standard for the number of defective parts per million, and then he gathers the data
Answers (1)
Sales data suggests that demand for turnkey software's products remains strong. however, a recent customer satisfaction survey indicates that many customers have grown dissatisfied with turnkey's technical support and are actively looking for
Answers (1)
Lori contracts to buy coffee beans for her store from Mike. The contract price is $7.50 per pound of Costa Rican coffee. Mike breaches the contract and delivers no coffee. Lori's damages will likely be
Answers (1)
Suppose that a more efficient way to produce a good is discovered, thus lowering production costs for the good. this will cause a (n) :
Answers (1)
How would you describe the savings rate in america compared with other industrialized countries?
Answers (1)
New Questions in Business
The population of a country was 5.1 million people in 2008. three years later, the population of the same nation was 8.9 million people.
Answers (1)
Which of the following are criteria for possible solutions? Select all that apply. Will the solution address the problem without adverse side effects? Are all group members in favor of the solution? Can the solution be implemented by the group?
Answers (1)
Krauss Company's income statement for the year ended December 31, 2017, contained the following condensed information. Service revenue $845,540 Operating expenses (excluding depreciation).
Answers (1)
A company's inventory records report the following in November of the current year: Beginning November 1 5 units @ $20 Purchase November 2 10 units @ $22 Purchase November 12 6 units @ $25 On November 8, it sold 12 units for $54 each.
Answers (1)
Prior to a basketball game, coach keating shakes his players' hands. each player then gives the others a fist bump and a hug. in contrast, coach lopez wishes the players luck and then the team goes through a cheer.
Answers (1)