All of the Following Except One Are Reasons Why Adam

question 42

Multiple Choice

All of the following except one are reasons why Adam Smith advocated the doctrine of laissez-faire.Which is the exception?

• A)He believed that economic liberty went hand in hand with political liberty.
• B)He believed that working people needed a government to ensure that they were not exploited.
• C)He believed that people should be left free to decide their own economic actions.
• D)He believed that an economy works best if it is left unplanned,uncoordinated and undirected.
• E)In Smith's time,government action was often arbitrary and despotic.

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Definitions:

Marginal Utility

The additional satisfaction or benefit (utility) a consumer gains from consuming one more unit of a good or service.

Fresh Fruit Topping

Freshly cut fruits used as an additional decorative and flavorful layer on desserts and other dishes.

Processed Topping

A prepared or treated ingredient used to enhance the flavor, appearance, or nutritive value of a dish.

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from purchasing one more unit of a good or service.