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Alik [6]
3 years ago
10

Adam Smith would most likely oppose a plan for reducing taxes on the largest corporations government bailouts for failing corpor

ations eliminating barriers to trade with other countries decreased government involvement in wages
Social Studies
1 answer:
sergejj [24]3 years ago
4 0
I believe the answer is: <span> Government bailouts for failing corporations.

Adam Smith was a prominent supporter of letting the Free market decides who would survive and who wouldn't.
He believed that government intervention (such as bailing out failing corporations) would disrupt the balance in the market and would risk market crash.</span>
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4 years ago
A proposal made by braxton, to his friend mike, indicating willingness to enter a contract to buy mike's old car for $4000, fulf
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<span>A proposal made by Braxton, to his friend Mike, indicating willingness to enter a contract to buy Mike's old car for $4000, fulfilled the 5th element of the formalist theory of contract law which is “capacity”. </span>

 

Elements of Formalist theory of contract Law

 

<span>The  “Formalist Theory of Contract Law” is composed of six elements. It includes the following:</span>

<span>1.       </span>Offer- this is the first element. An offer then should be made.

<span>2.       </span>Acceptance- the second element where the offere has to accept the offer.

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<span>4.       </span>Consideration- the fourth element; something of value is exchanged to both parties.

<span>5.       </span>Capacity- fifth element, legal ability to enter or involve in a contract.

<span>6.       </span>Legality- sixth element, contract has to be legal.

<span> </span>

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