Adam Smith, the Premier Philosopher of Capitalism, Took the Position

Multiple Choice

Adam Smith, the premier philosopher of capitalism, took the position that:

A) the free market and not the legal system is the best and most efficient means for preventing or minimizing harmful conduct by businesses
B) the criminal law should be used to impose limitations on business competition
C) since businessmen do no harm to consumers, there is no reason to formulate laws directed at their activities
D) laws directed at business activity will do more harm to the most powerful businessmen