Adam Smith Strongly Advocated a Policy of Laissez-Faire

question 35

True/False

Adam Smith strongly advocated a policy of laissez-faire.

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Definitions:

Encounter

An event or situation in which two or more individuals or entities come into contact with or confront each other, leading to interaction or exchange.

Modelling

The process of creating a representation of a system or behavior, often used in scientific research and prediction.

Learning By Observation

Learning by observation involves acquiring new behaviors, skills, or attitudes through watching others, also known as social learning or modeling.

Classical Conditioning

A learning process in psychology that involves creating an association between a naturally occurring stimulus and a previously neutral one.