In Which of the Following Situations Would Adam Smith Argue

question 87

Multiple Choice

In which of the following situations would Adam Smith argue that government intervention in the marketplace is justified?

• A) Many food items begin to arrive from abroad, and their cheap price is putting many local farmers out of work.
• B) A general economic downturn has occurred, leaving many out of work.
• C) A clothing manufacturer invents a new machine that makes it much more competitive than its rivals.
• D) Two growing cities have no road to connect them and no private party is seeking to build one.

---

Definitions:

Acculturation

The degree to which people from a certain cultural group display the beliefs and practices of that group.

Social Skills

Abilities that facilitate interaction and communication with others in cooperative, productive, and positive ways.

Resilience

The capacity of individuals to recover quickly from difficulties or adapt effectively to challenges and adversity.

Hidden Curricula

The unwritten, unofficial, and often unintended lessons, values, and perspectives that students learn in school.