Which of the following is not an idea advocated by Adam Smith?
A) Producers must compete with one another to win customer's business.
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 advocated for a free market economy where the government had limited involvement. Therefore, he did not believe that the government should control the economy.

Which of the Following Is Not an Idea Advocated by Adam