Which of the Following Is Not an Idea Advocated by Adam

question 31

Multiple Choice

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

• A) Producers must compete with one another to win customer's business.
• 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:

Disclosures

The act of making known to the public or to relevant parties important information, often related to financial data or operational details, required by law or regulation.

Sublease

An arrangement where the original tenant leases part or all of the leased property to another party.

Landlord

An individual or entity that owns property and rents it out to tenants.

Realty

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; also known as real estate.