Which of the Following Did Adam Smith See as a Valid

question 50

Multiple Choice

Which of the following did Adam Smith see as a valid reason for creating an economy with less government regulation?

• A) Free competition encouraged improvements in industrial production.
• B) He believed that the laws of God did not permit the guilds' imposition of controls on labor.
• C) He believed that free and fair competition provided the best opportunity to produce wealth.
• D) Mercantilists advocated rational self-interest,which could not advance the common good.

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