Both the Wealth of Nations and the Declaration of Independence

question 47

Multiple Choice

Both The Wealth of Nations and the Declaration of Independence share the point of view that

• A)every person is entitled to life,liberty,and the pursuit of happiness.
• B)individuals are best left to their own devices without the government guiding their actions.
• C)the government plays a central role in organizing a market economy.
• D)because of human nature a strong legal system is necessary for a market system to survive.

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Definitions:

Refrigerators

Appliances used for keeping food and drinks cold, employing the principles of thermodynamics to transfer heat from the inside to the outside environment.

Shipping

The process of transporting goods and merchandise by land, air, or sea.

Balance of Payments

A record of all transactions made between entities in one country and the rest of the world over a specified period of time.

Local Governments

Administrative bodies governing smaller regions below the level of the state or central government, typically responsible for local policies and services.