Adam Smith's Wealth of Nations emphasized
A) how free markets produce socially efficient outcomes.
B) that Scotland produced several key technological innovations.
C) that the government should intervene to smooth business cycles.
D) the existence of externalities.
E) mercantilism.

Question

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Adam Smith's Wealth of Nations is considered the foundational text for modern free-market economics. It emphasizes the importance of free markets, arguing that they produce socially efficient outcomes as individuals pursuing their own self-interest are led to create wealth and economic growth for the society as a whole.

Adam Smith's Wealth of Nations Emphasized