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Dovator [93]
3 years ago
5

Which of these statements is true according to Adam Smith's theories?

History
2 answers:
Genrish500 [490]3 years ago
4 0
<span>D) A free market would benefit consumers as well as producers.</span>
Vesnalui [34]3 years ago
3 0

Answer:

D) A free market would benefit consumers as well as producers.

Explanation:

Adam Smith is known as the "father of capitalism." Smith argues that the best type of economy is one in which the government gets involved as little as possible. This idea is known as laissez faire economics.

Smith was an advocate of the "invisible hand." This was the idea that competition between businesses will ensure that businesses act in the best interest of citizens. When businesses compete, they must offer the consumer a competitive price for their goods or service. Otherwise, they will go out of business.

This is why Smith believed that the free market would benefit the consumers as well as the producers.

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kykrilka [37]

The correct answer to this open question is the following.

Unfortunately, you did not attach the Federalist paper to properly answer your question.

However, trying to help you we can comment on the following.

George Mason’s essay about government differed from ideas expressed in The Federalist Papers in that George mason believed that the Federalists supported the creation of a strong central government that could have the risk to turn into a dictatorship, as was the case of the English monarchy. Mason was against the aggressions and aggravations committed by the English king and he did not want that for the American people. That is why he opposed the ratification of the Constitution under that strong federal government conception supported by Federalists like Alexander Hamilton, John Jay, and James Madison.

George Mason was an Antifederalist like Thomas Jefferson, and he firmly believed in a government that included many rights for the citizens.

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