Adam Smith believed that the government should maintain:

Question

Quizplus · Accepted Answer

Adam Smith is known as the father of modern economics and is famous for his book "The Wealth of Nations." In this book, Smith advocated for a policy of "laissez-faire" or hands-off the economy. He believed that the government should not interfere in the market through tariffs, subsidies, or other forms of regulation. Instead, Smith argued that the market should be left to regulate itself through competition, supply and demand, and the invisible hand. Therefore, the best choice is B - a policy of hands-off the economy.

Adam Smith Believed That the Government Should Maintain