Economists differ in their views of the role of the government in promoting economic growth. At the very least, the government should
A)lend support to the invisible hand by maintaining property rights and political stability.
B)limit foreign investment to industries that don't already exist in the country.
C)impose trade restrictions to protect the interests of domestic producers and consumers.
D)subsidize key industries.

Question

Quizplus · Accepted Answer

The government's role in supporting the invisible hand, as described by Adam Smith, includes maintaining property rights and political stability. These are fundamental for a functioning market economy, as they ensure that individuals can safely own and trade goods and services, which in turn promotes economic growth.

Economists Differ in Their Views of the Role of the Government