Question

Use the following statement from Thomas Jefferson's First Inaugural Address to answer the question below: "A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government…"--Public Domain Which of the following best agrees with Jefferson's statement on the role of government? A. Adam Smith's opinions on laissez-faire economics B. Mary Wollstonecraft's opinions on the education of women C. Voltaire's opinions on the power of enlightened despots D. Rousseau's opinions on the original state of humanity

Answer 1

The correct option is A.
Adam Smith's opinion on laissez-faire economics holds that government should contribute very minimal intervention to business entities. Under this set up, the government allow private firms to make their own decisions about what to produce, how to produce and for whom to produce. One of the benefits of laissez-faire is that it discourages inefficiency and corruption of maximum government participation in business. It also encourages entrepreneurs to have incentive to work hard and create products that consumers wants.

Answer 2

Adam Smith's opinions on laissez-faire economics