Question

Given this statement, Adam Smith would be most likely to oppose_____. A. encouraging trade competition B. getting rid of trade tariffs C. removing farm subsidies D. using taxes to help failing banks

Answer 1

Adam Smith would be most likely to oppose: using taxes to help failing banks Adam smith is regarded as the most outspoken economist that support free-market system. In a free-market system, the government is not allowed to give help in any way to the private sector, including bailing out banks with taxpayer money