Adam Smith Advocated Laissez-Faire Because He Believed It Was in the Interest

question 77

Multiple Choice

Adam Smith advocated laissez-faire because he believed it was in the interest of:

• A) capitalists, whom he regarded as the most dynamic and progressive element in society.
• B) the proletariat, who would receive higher wages.
• C) the government, which would profit from higher taxes.
• D) society as a whole.

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Definitions:

Public Assistance

Government programs designed to provide financial aid, services, or support to individuals or families in need, including welfare, food stamps, and unemployment benefits.

Americans

Citizens or natives of the United States of America, encompassing a wide range of cultural, ethnic, and racial backgrounds.

Unemployment Rate

The proportion of the workforce that is unemployed and actively looking for work.

Whites

Refers to people belonging to groups, primarily of European descent, characterized by lighter skin colors, a major demographic category in racial and ethnic classifications.