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. *Competition is good because it makes businesses more efficiet and helps keep prices down. A) Adam Smith's "The Wealth of Nations" B) John Locke's "Two Treatises on Government" C) Baron de Montesquieu's "The Spirit of the Laws" D) Thomas Jefferson's "Notes on the State of Virginia"

Answer 1

These are all arguments from "The Wealth of Nations." In this book, Adam Smith laid out the basics of modern-day capitalistic thought and the idea of free-markets. He argued that the basic premise of a free society is to maximize the ability to earn based upon the skills and abilities to innovate that one has at their disposal.

Answer 2

A) Adam Smith's "The Wealth of Nations". I just got this correct on my test. :)