The Philosophy of Classical Economics Developed by Adam Smith _____________

question 27

Multiple Choice

The philosophy of classical economics developed by Adam Smith _____________.

• A)was adopted by the Aborigines in the Kakadu region of Australia
• B)argues that individuals acting in their own self -interest harm society
• C)assures equality between rich and poor
• D)proposes maintenance of economies through government restraint and regulation
• E)advocates free -market policies that many credit for the tremendous gains in material prosperity of industrial nations

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Definitions:

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Going Public

A strategy utilized by the president or other high-profile officials to gain public support for policies by addressing the nation directly, often through the media.

Climate of Opinion

The dominant or prevailing set of attitudes, beliefs, or sentiments held by a particular group or society at a given time.

Environmental Protection Agency

An independent executive agency of the United States federal government tasked with environmental protection matters and regulating the implementation of laws intended to protect the environment.