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University of Wisconsin, Madison *

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104

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Economics

Date

Jan 9, 2024

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1

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Question 21 1/1pts The position that the free market and free trade rather than the state are the main mechanisms for ensuring economic growth is associated with which theorist? Adam Smith Question 22 1/1pts After World War |l, the United States was strongly influenced by Fordism. There was unprecedented industrial growth, with government stepping in to regulate some aspects of corporate behavior. What was the tax structure imposed on the country at that time and what side effect did it have? A high marginal rate was imposed on the very wealthy, which helped moderate inequality.
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