Which of the Following Is Not an Idea Advocated by Adam

question 86

Multiple Choice

Which of the following is not an idea advocated by Adam Smith?

• A) Businesspersons conspiring to fix prices are a threat to the price system.
• B) Pursuit of private self interest with an invisible hand is the best way to promote the public interest.
• C) Government should control the economy.
• D) The government should provide for national defense and little else.

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Definitions:

Federal Government

The national government of a federal country, responsible for national affairs, foreign policy, and enforcing federal laws.

Specific Power

Authority granted for a specific purpose, often limited to a particular function or subject matter.

Brentwood Academy

A private Christian coeducational college preparatory school located in Brentwood, Tennessee, USA.

Tennessee Secondary School Athletic Association

An organization that sets the rules and standards for high school athletic competitions in the state of Tennessee.