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A purpose of government regulation in a mixed-market economy is to protect:
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1. Introduction to Microeconomics
Introduction to Economics
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In 1776, which economics book was published to promote the concept of free enterprise?
A
The Wealth of Nations
B
Das Kapital
C
The General Theory of Employment, Interest and Money
D
Principles of Economics
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Recognize that this question is about the history of economic thought rather than a microeconomic problem-solving exercise.
Understand that 'The Wealth of Nations' by Adam Smith, published in 1776, is widely regarded as the foundational text promoting the concept of free enterprise and classical economics.
Note that 'Das Kapital' was written by Karl Marx and focuses on critiques of capitalism, published later in the 19th century.
Recognize that 'The General Theory of Employment, Interest and Money' by John Maynard Keynes was published in 1936 and deals with macroeconomic theory, not free enterprise promotion.
Understand that 'Principles of Economics' by Alfred Marshall was published in 1890 and contributed to microeconomic theory but is not the 1776 book promoting free enterprise.
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