Multiple Choice
According to Adam Smith,the best way for the government to encourage the creation of jobs and the production of the products most wanted by consumers would be to:
A) allow entrepreneurs a great deal of personal freedom.
B) impose high taxes on individuals,and use the revenue to subsidize businesses to encourage them to produce the maximum rate of output.
C) take over the operation of all firms in major industries,such as telecommunications,transportation,and energy,and operate these firms as non-profit organizations.
D) allow private ownership of businesses,but make use of extensive regulation to force businesses to behave in a socially desirable way.
Correct Answer:

Verified
Correct Answer:
Verified
Q79: One drawback of socialism is that it
Q141: The Canadian economy is a service economy.
Q142: The primary difference between macroeconomics and microeconomics
Q143: Fatma is a citizen of a country
Q144: Followers of Malthus today believe that there
Q147: In the small nation of Equalia,the government
Q148: is a condition in which the rate
Q149: An oligopoly is a market that is
Q151: Kathleen manages a manufacturing plant for ScanRite,Inc.
Q229: In capitalist countries, the government decides what