What Is the Basic Idea Behind the Economic System Supported

question 36

Multiple Choice

What is the basic idea behind the economic system supported by the philosopher Adam Smith that we now refer to as laissez-faire?

• A) Allowing private individuals to pursue wealth creates economic disaster.
• B) Privately owned corporations and private individuals should control most economic activity.
• C) Religious and secular authorities would be the most efficient in setting prices and profits.
• D) Countries should put an end to divisions of labor and the specialization of workers.
• E) The government and public corporations should be the primary regulators of the economy.

---

Definitions:

JavaScript

An Internet protocol (IP) addressing scheme that makes IP addresses longer, thereby providing more available addresses.

DOM

Document Object Model; a programming interface for web documents, representing the page so that programs can change the document structure, style, and content.

Italicized

Text that is slanted to the right, often used for emphasis or to distinguish titles of works from the rest of the text.

United States Government

The federal government of the United States, comprising the legislative, executive, and judicial branches, responsible for governing the country.