Which of the following is correct regarding Adam Smith?
A)He wrote An Inquiry into the Nature and Causes of the Wealth of Nations.
B)He opposed free trade.
C)He wrote the General Theory of Economics.
D)He believed people were irrational.

Question

Quizplus · Accepted Answer

Adam Smith is best known for writing An Inquiry into the Nature and Causes of the Wealth of Nations, which laid the foundation for modern economics and advocated for free trade and the invisible hand of the market. B is incorrect as he was in favor of free trade. C is incorrect as the General Theory of Economics was written by John Maynard Keynes, not Adam Smith. D is incorrect as Smith believed that people acted in their own self-interest, but this was not the same as being irrational.

Which of the Following Is Correct Regarding Adam Smith