In The Wealth of Nations, Adam Smith maintains that
A) mercantilism is the most efficient economic system.
B) a welfare state ought to be established.
C) granting monopolies to successful businesses is the best way to promote the wealth of a nation.
D) the best way to promote the public interest is to let people pursue their private interests.
E) economic competition usually leads to civil war as people fight for profits.
Correct Answer:
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