Question

Government must support the common good by establishing electric utility monopolies and regulating all trade agreements that allow goods to enter the country.
Who would have disagreed with this comment and why? (1 point)

Group of answer choices

Karl Marx would have disagreed with this statement. He believed government should not regulate the economy, but should control trade.

John Keynes would have disagreed with this statement. He did not believe government should pass laws to regulate the economy or control trade.

Adam Smith would have disagreed with this statement. He believed government should not regulate the economy or control trade.

Karl Marx would have disagreed with this statement. He believed government should pass laws to regulate the economy but not trade.

Answer 1

Answer: Adam Smith would have disagreed with this statement. He believed government should not regulate the economy or control trade.

Explanation:

Even though Adam Smith believed that the government had a role to play in the economy, he believed that this role should be limited to National defense, upholding civil law and providing public services like education.

He would therefore be against the government regulating trade agreements that allow the passage of goods and services into and out of the country. Karl Marx and John Maynard Keynes on the other hand, advocated for government intervention, albeit in varying quantities.