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Read the following passage carefully and answer the question that follows:It is ...


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Read the following passage carefully and answer the question that follows:It is not from the benevolence of the butcher, the brewer, or the baker that we expect dinner, but from their regard to their own interest. Adam Smith, the Wealth of a Nation (1776). Pause for a moment to consider the paradoxical words above, penned in 1776 by Adam Smith, the founder of modern economics. That same year was also marked by the American Declaration of Independence. It is no coincidence that both ideas appeared at the same time. Just as the American revolutionaries were proclaiming freedom from tyranny, Adam Smith was preaching a revolutionary doctrine emancipating trade and industry from the shackles of feudal aristocracy. In the last two centuries, most of the world has experienced an era of unimagined prosperity. In the United States and other high-income countries, most people today can afford to buy far more than the bare necessities of food, clothing and shelter. Super-fast personal computers, high-tech home entertainment centres and fast air transportation to any part of the globe are examples of an astonishing range of goods and services that have become part of everyday life. Developing countries have also seen their standards of living rise rapidly in recent years. But widespread prosperity has not brought economic security. In an average year, 10 million Americans lose their jobs and almost 100,000 businesses go bankrupt. About 14 percent of households are designated as poor, and the number is almost 50 percent among households headed by black female. Many families worry about the catastrophic financial consequence of illness have no health insurance. The affluent society is an anxious society. For most of human history, people who experience economic misfortunes lived on the mercy of their family or friends. Starting about a century ago, governments introduced the "welfare state, which provided social insurance and income support to needy people. Gradually, poor people in rich countries got access to minimal levels of income, food and health care. But raising taxes and growing government spending on health care and public pensions have produced a revolt of the middle class, which is the taxed class. In 1996 the United States removed its guarantee of income support for poor families. Everywhere, countries are rethinking the boundaries between state and market, trying to balance the growing need for providing public services with the increasing clamour for cutting taxes and shrinking government. This is the age of the global market place. Today, money, goods and information cross national borders more readily than ever before. In earlier times, we did business with people down the street or in the next town and we bought mainly local goods. Today, we ride in the "world car" Look at this world car or at a fast computer. It incorporates materials, labour, capital and ovations from around the world. The rise of the global market place raises new challenges. Who can best adapt to increased foreign competition? Who can quickly adapt to the information age? The stakes are high. To the winners go the profits, while the losers lag behind.Guarantee of income support for the poor families was removed in the
United States due to one of the following:

Options

A) mass protest by the poor for increased support

B) decreasing fortunes of the United States

C) because the citizens were riding in world car

D) because of the growing government spending


The correct answer is D.


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