The Central Thesis of Adam Smith's the Wealth of Nations

question 23

Multiple Choice

The central thesis of Adam Smith's The Wealth of Nations is that economic markets ________.

• A) will create greater wealth for society if governments practice laissez-faire capitalism
• B) work best in societies with capitalistic foundations
• C) are more prosperous under Marxist principles in which the government controls the economy
• D) will create greater wealth for society if governments practice Keynesianism economics
• E) flourish under any level of government intervention if taxes are low

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Definitions:

Independent Variable

The variable in an experiment that is manipulated to observe its effect on the dependent variable.

Grade Level

A measure of the schooling year that an individual is in, often used in educational settings to categorize students.

Parental Involvement

The participation and commitment of parents in their children's educational activities and schooling.

2 × 3 ANOVA

A statistical test used to compare the means of two or more groups across three or more variables, analyzing the interaction and main effects.