Question

The statements in the box were arguments in _

• Governments should not try to control most business decisions.
•Economies would do best if governments left businesses alone and allowed people to make deals, start companies, and take risks when they see opportunities.
• businesses that want to make money should produce the goods that are in demand.

A. John Lockes two treaties of government
B. Thomas Jeffersons Notes on the state of Virginia.
C. Adam smiths the wealth of nations.
D. Baron de montesquieus the spirit of the laws

Answer 1

Answer: C. Adam smiths the wealth of nations.

The statements in the box are all arguments of Adam Smith in his book of Wealth of Nations. He emphasized that the government must be limited in its core functions and keep the market open and free, avoiding business interventions and promote open market competition.

Moreover, he believe that in order for businesses to grow, they must produce products that are in demand.