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Which of the following entities would most likely agree with Adam Smith's statement?


Consumer protection agencies who are demanding more government oversight


Labor union leaders who are advocating taxes on imports


Public utility company that manages regional power supplies


Stockholders for a pharmaceuticals company that has a new cancer drug

Verified Answer :

syed514

D. Stockholders for a pharmaceuticals company that has a new cancer drug

reurisoneco

Answer: Stockholders for a pharmaceuticals company that has a new cancer drug

Explanation:

Adam Smith was an advocate of the free market. In his view, the free market would provide increased wealth and thus greater welfare for societies. In this case, the shareholders of a pharmaceutical company that have a new cancer drug would agree with Adam Smith's statement, since open market companies represent market freedom, that is, competition in the market and, consequently, propitiate the increase of social welfare.

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