According to your text, Adam Smith would __________.
A) be against competition
B) not recognize capitalism in America today
C) not believe in the free market
D) approve of socialism
Answer B

Question

Quizplus · Accepted Answer

Adam Smith, often referred to as the father of modern economics, is best known for his advocacy of free markets and capitalism. His seminal work, "The Wealth of Nations," argues for the efficiency of a self-regulating market. Given the significant changes and developments in the global economy since his time, including the rise of multinational corporations, extensive government regulations, and the digital economy, it's plausible that Smith might not fully recognize the form of capitalism practiced in America today.

According to Your Text, Adam Smith Would __________