Identify which of the following examples reflects a way Adam Smith thought the government should be involved in the economy.(1 point)
Responses
The government decides to prohibit box companies from selling their boxes to another country overseas.
The government decides to prohibit box companies from selling their boxes to another country overseas.
The government builds a road from a city to a major seaport and charges a fee for cars to drive on that road.
The government builds a road from a city to a major seaport and charges a fee for cars to drive on that road.
The government decides to limit how many flowers any individual person can buy because supply is limited.
The government decides to limit how many flowers any individual person can buy because supply is limited.
The government decides to let businesses set new policies about international trade.
The government builds a road from a city to a major seaport and charges a fee for cars to drive on that road.
Which of the following offers the best comparison between Hobbes’s and Locke’s perspectives on the divine right of kings?(1 point)
Responses
Both saw the divine right of kings as unnatural and bad.
Both saw the divine right of kings as unnatural and bad.
Locke supported the divine right of kings because it gave people more freedom.
Locke supported the divine right of kings because it gave people more freedom.
Hobbes supported the divine right of kings as absolute monarchs.
Hobbes supported the divine right of kings as absolute monarchs.
As Christians, both accepted the divine right of kings.
Hobbes supported the divine right of kings as absolute monarchs.
The correct answer is: The government builds a road from a city to a major seaport and charges a fee for cars to drive on that road.
The example that reflects the way Adam Smith thought the government should be involved in the economy is:
- The government builds a road from a city to a major seaport and charges a fee for cars to drive on that road.
Adam Smith, a prominent economist from the 18th century, is often associated with the concept of laissez-faire economics, which advocates for minimal government intervention in the economy. Smith believed that the government should primarily focus on maintaining law and order, providing for national defense, and providing certain public goods that are not efficiently provided by the private sector.
In this example, the government's involvement is limited to the construction of a road, which can be seen as a form of public infrastructure. Charging a fee for cars to drive on that road is a way for the government to recover the costs associated with its construction and maintenance. This aligns with Adam Smith's belief that the government should provide essential public goods and services that benefit society as a whole.