Which of the following is not an idea advocated by Adam Smith?
A) Businesspersons conspiring to fix prices are a threat to the price system.
B) Pursuit of private self interest with an invisible hand is the best way to promote the public interest.
C) Government should control the economy.
D) The government should provide for national defense and little else.

Question

Quizplus · Accepted Answer

Adam Smith believed in a free market economy and minimal government intervention. Thus, he did not advocate for government control of the economy.

Which of the Following Is Not an Idea Advocated by Adam