The Economic Principles Argued by Smith Said That a Country

question 44

Multiple Choice

The economic principles argued by Smith said that a country would prosper if all of these conditions were met except ______________.

• A) the government did not set prices
• B) taxes were kept low
• C) nations restricted their exports
• D) government expenditures were minimal
• E) governments did not impose tariffs

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Definitions:

Extinction Procedure

A process in behavioral psychology that involves the gradual diminishment of a conditioned response by ceasing to pair the conditioned stimulus with the unconditioned stimulus.

Classical Conditioning

A pairing process in learning where two stimuli are continuously linked; initially, the response is elicited by the second stimulus but over time, the first stimulus can elicit this response by itself.

Beeping Sound

A type of auditory signal or notification often used by devices to attract attention or indicate an alert.

Electric Shock

A sudden discharge of electricity through a part of the body causing injury or neurological disturbance.