According to Adam Smith,economic Progress Results from

question 61

Multiple Choice

According to Adam Smith,economic progress results from

• A) government ownership of productive resources.
• B) a perfectly equal distribution of income in a society.
• C) allowing firms to achieve great economic power by monopolizing markets.
• D) the division of labor and increased specialization.
• E) rapid rates of population growth.

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Definitions:

Commerce Clause

A provision in the United States Constitution that grants Congress the power to regulate trade between states and with foreign countries.

Privileges and Immunities Clause

Provisions in the U.S. Constitution and state constitutions protecting citizens from discriminatory treatment by other states.

Full Faith and Credit Clause

A clause in the United States Constitution requiring each state to recognize the public acts, records, and judicial proceedings of all other states.

Fifth Amendment

An amendment to the U.S. Constitution that provides several rights relevant to both criminal and civil legal proceedings.