Do you think Adam Smith would agree or disagree with the following government interventions in the economy today? Decide whether Adam Smith would agree or disagree with each intervention below and explain your answer.

1) child-labor laws

2) minimum-wage laws

3) inheritance taxes (have to pay more than 40% in taxes on anything that you inherit)

4) Social Security (workers pay social security tax; people over 65 get a check from the government each month)

5) North American Free Trade Agreement (NAFTA) – free trade between the USA, Mexico, and Canada- don’t charge taxes on imports/exports between these three countries