Adam Smith wrote in The Wealth of Nations, Book II, Chapter 2, In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so.

Given this statement, Adam Smith would be most likely to oppose

encouraging trade competition
getting rid of trade tariffs
using taxes to help failing banks
removing farm subsidies

Answers

Answer 1

Answer: using taxes to help failing banks

Explanation:

Adam Smith believed that competition was good for the economy because it would lead to only the most efficient companies surviving as they outlast those who were not efficient and had to close up because they couldn't compete with the efficient ones.

Failing banks would fall under companies that were not efficient enough and so to Adam Smith, should not survive. Aiding these banks therefore so that they would survive, would be opposed by Adam Smith because it would mean that inefficiency was being rewarded and resources of the country were not be distributed efficiently.


Related Questions

WILL GIVE BRAINLIEST URGENT

When it comes to protecting the constitutional rights of citizens, which element of government is MOST important?

A) No; Akbar lacked standing to bring the case to the courts.

B) No; state laws are not challengeable in federal courts.

C) No; the case is moot since the law was repealed.

D) Yes; there’s a federal interest in preventing similar cases.

Answers

Answer:

Explanation:

The choices here are for a different question:

"Akbar runs an ice cream shop. His state government passed a law raising taxes on dairy products over a hundredfold, believing that dairy products were unhealthy. Akbar sued the state for arbitrary taxation. The case was being appealed to the federal courts when the state repeals the tax before collecting any money. Would the federal courts still review the case?"

The correct answer is C) No; the case is moot since the law was repealed.

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