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The Wealth of Nations and Migration
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The Wealth of Nations and Migration

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Questions and Answers

According to Adam Smith, the state should primarily be concerned with

  • Regulating the economy over time
  • Maintaining law and order
  • Intervening in the natural flow of human economic interaction
  • Protecting its people from invasion (correct)

    • Free-market advocates believe in

  • Increasing regulations on businesses
  • Reducing corporate taxes (correct)
  • Government intervention in the economy
  • Minimum wage and environmental regulations

    • The Republican Party tends to support

  • Government involvement in the economy
  • Higher corporate taxes
  • Reducing burdensome regulations on businesses (correct)
  • Increasing regulations on businesses

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