Adam Smith,author of The Wealth of Nations,asserted that a laissez-faire economic policy was best.What was Smith's other,related,assertion?
A) Slavery is justified, because it is inexpensive labor.
B) Importation of raw goods back to England should be prohibited.
C) The emerging tobacco industry was exhausting the soil.
D) Independence from England would cause catastrophic effects on the stability of the colonies.

Question

Quizplus · Accepted Answer

Adam Smith did not advocate for slavery, and in fact condemned it in his works. His related assertion was that free labor in a competitive market would lead to increased productivity and economic growth.

Adam Smith,author of the Wealth of Nations,asserted That a Laissez-Faire