Asked by Nicholas Vargas on Jul 15, 2024
Verified
The three duties of government,according to Adam Smith,are (1)____, (2)_____ and (3)____.
Adam Smith
An 18th-century Scottish economist and philosopher, best known for his theories on free market economies and the concept of 'invisible hand' guiding supply and demand.
Government Duties
Financial charges imposed by the government on goods, services, or activities, primarily focused on imports and exports.
- Distinguish key historical shifts and the function of the government in shaping U.S. economic strategies.
Verified Answer
TD
Thái D??ng Nguy?nJul 18, 2024
Final Answer :
(1) protecting the society from the violence of invasion (i.e., defense); (2) protecting individuals from injustice and oppression; and (3) setting up public works that are profitable for individuals
Learning Objectives
- Distinguish key historical shifts and the function of the government in shaping U.S. economic strategies.
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