Economic Liberalism as Espoused by Adam Smith Did Not Include

question 39

Multiple Choice

Economic liberalism as espoused by Adam Smith did not include

• A)economies, free from the fetters of the state.
• B)economic self-interest and the general good were compatible.
• C)entrepreneurs who sold at high prices sold less, but made more profit.
• D)supported government's need to prevent monopolies.
• E)the government and not the market should provide for education, road systems, and a system of justice.

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Definitions:

Standard Normal Distribution

A normal distribution with a mean of zero and a standard deviation of one, used in statistical analysis.

Less Than

A mathematical expression used to compare two values, indicating that one value is smaller than the other.

Z-scores

A numerical metric indicating how a specific value relates to a group's average, measured by the number of standard deviations it differs from this mean.

Standard Normal Distribution

A statistical distribution that has a mean of zero and a standard deviation of one, used in hypothesis testing and other statistical analyses.