,Adam Smith Made All of the Following Arguments for Laissez-Faire

question 45

Multiple Choice

,Adam Smith made all of the following arguments for laissez-faire capitalism,EXCEPT which of the following?

• A)The desire for profit is the invisible hand that guides a capitalist system.
• B)The government should not be allowed any role whatsoever in the economy.
• C)Private firms should be left alone to make their production and distribution decisions.
• D)Firms will try to use as few resources as possible in order to keep their prices low.
• E)Certain areas of the economy were better run by government agencies.

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Definitions:

Confederate Military Supplies

Resources and equipment provided to or produced by the Confederate States of America during the Civil War to support its military forces.

Blockade Runners

Ships used during the American Civil War to evade naval blockades by the Union and smuggle goods, such as arms and supplies, to the Confederacy.

Small Arms

Light, personal weapons such as handguns, rifles, and shotguns used by individuals or small groups.

Confederate Congress

The legislative body of the Confederate States of America during the American Civil War, responsible for creating and enforcing laws within the Confederacy.