Some of the More Influential Economic Reforms of the Eighteenth

Multiple Choice

Some of the more influential economic reforms of the eighteenth century were suggested by a group of economists in France called the physiocrats. What reforms did they support?

A) They pushed for full government regulation of all aspects of the economy, especially agricultural production and international trade.
B) They believed the government should subsidize agricultural production in times of famine and provide a social welfare system for the urban poor.
C) They argued in favor of the complete abolition of taxation on commercial enterprises and trade, with the tax burden falling on peasants and the middle class.
D) They urged the government to deregulate the grain trade, make the tax system more equitable, and abolish urban guilds that prevented free entry into the trades.