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One of the most important aspects of a market system is a) competition b) government control O c) reduced trade O d) cooperation Question 2

One of the most important aspects of a market system is a) competition b) government control O c) reduced trade O d) cooperation Question 2 (1 point) Imagine that you are Adam Smith. Rate the situation provided according to what he would have to say on the issue. The Prime Minister provides financial assistance to a company that is at serious risk of failing. What would Adam Smith think? a) This is not a good idea. If a company is not able to succeed, then that company should be left to fail. It is not the government's responsibility to help anyone. Ob) This is a good idea. If a company is not able to succeed, this will prevent job loss. It is not the fault of the individual workers for a company failing due to mismanagement

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