Check all of the following that are true. the establishment of a legal system, according to the Preamble to the Constitution, comes first in the sequence because law and order is necessary not only for a prosperous economy but also for a fully functioning society The Constitution and the founding of the Republic took place at a time when the liberty-minded ideas of John Locke and Adam Smith were popular, and many believe the largely hands-off approach the government took with respect to the economy is wha allowed the United States to become the wealthiest nation in the history of the world The general welfare clause is generally agreed upon relate to the economy, but the government is required to only "promote" the general welfare rather than to "provide" for it as is necessary for national defense Liberty, which necessarily includes economic freedom that is characteristic of socialism, relates to the ability of citizens to engage in voluntary agreements largely free from government restrictions
Check all of the following that are true. the establishment of a legal system, according to the Preamble to the Constitution, comes first in the sequence because law and order is necessary not only for a prosperous economy but also for a fully functioning society The Constitution and the founding of the Republic took place at a time when the liberty-minded ideas of John Locke and Adam Smith were popular, and many believe the largely hands-off approach the government took with respect to the economy is wha allowed the United States to become the wealthiest nation in the history of the world The general welfare clause is generally agreed upon relate to the economy, but the government is required to only "promote" the general welfare rather than to "provide" for it as is necessary for national defense Liberty, which necessarily includes economic freedom that is characteristic of socialism, relates to the ability of citizens to engage in voluntary agreements largely free from government restrictions
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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