What Aspects of Adam Smith's Perspective on Economic Growth Do

question 63

Multiple Choice

What aspects of Adam Smith's perspective on economic growth do today's neoliberal privatization programs build on?

• A) Smith's belief in increased governmental control of the market is in opposition to privatization.
• B) Smith argued for unfettered competition in the market and called for government assistance to ensure this result.
• C) Smith's belief in laissez-faire-"leave it alone"-economics calls for a free market.
• D) Smith supported the idea of colonialism and felt that governments were best suited to implement privatization.

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Coercive

Relating to or using force or threats to persuade someone to do something or to achieve compliance.

Deduct

To subtract or take away an amount or part from a total.

Salary

Regular payment made by an employer to an employee, usually monthly or biweekly, for their professional services.

Strict Disciplinarian

An individual who adheres closely to rules or codes of behavior and expects others to do the same, often employing strict or rigorous measures.