The main issue that inhibits the economic development of Alaska is the transportation issue. There are many mountainous and iced regions that are difficult to traverse.
Walter Mondale ran against Reagan.
Answer:
C. The people, not the government, can best determine the structure of the economy
Explanation:
Adam Smith and David Ricardo are the fathers of economic Liberalism. They opposed mercantilism and the planning and control of the economy by the government. Under mercantilism, trade was controlled, one of the reasons was that the ruler was responsible for the well being of every subject, and had to protect them from the shocks of the economy. Liberalism opposed this idea, Smith argued that instead of controlling the economy, the government should let the market regulate itself.
For example, instead of stockpiling corn in case of a shortage, Smith argued that the government should sell the surplus and if there was a shortage, they would be able to buy food from other countries.
