Author Question: Adam Smith's idea was that, in a capitalist system, government tells businesses what to produce and ... (Read 102 times)

sarasara · **on:** Jul 2, 2018

Adam Smith's idea was that, in a capitalist system, government tells businesses what to produce and government also tells consumers what to buy.

Indicate whether the statement is true or false.

Question 2

Combining a market-based economy with an extensive social welfare program yields what is called welfare capitalism.

Indicate whether the statement is true or false.