What was Adam Smith's argument for why capitalism is beneficial to society?
a) Under capitalism, every person is able to maintain an income that provides basic necessities. b) Under capitalism, people are forced to give to charity. c) Under capitalism, people put the needs of society first. d) Under capitalism, people's selfish acts contribute to the common good
d) Under capitalism, people's selfish acts contribute to the common good
You might also like to view...
In the late 1990s in the midst of the U.S. economic boom, which of the following was the most common response to the public opinion survey question concerning the biggest foreign policy problem facing the United States?
a. Don’t know b. Terrorism c. The situation in the Middle East d. Trade restrictions from other countries
The creation of the Food and Drug Administration and the passage of the Securities and Exchange Act were intended to
A. eliminate the problem of externalities in the economy. B. promote equity in the economy. C. destroy the legal foundation of the business trust. D. promote efficiency in the economy. E. None of these answers is correct.