Adam Smith's Concept of Laissez-Faire Economics Argued That

Multiple Choice

Adam Smith's concept of laissez-faire economics argued that

A) in order to maximize the effect of market forces and the division of labor, the economy should be free of government intervention and control.
B) since humans are naturally self-interested and greedy, the government must regulate the economy to counteract this self-interest.
C) the general welfare of society was best served if governments closely controlled international trade and currency markets.
D) the best way to increase a nation's wealth was through direct investment in manufacturing and heavy industry.