According to Adam Smith,the best way for the government to encourage the creation of jobs and the production of the products most wanted by consumers would be to:
A)allow entrepreneurs a great deal of personal freedom.
B)impose high taxes on individuals,and use the revenue to subsidize businesses to encourage them to produce the maximum rate of output.
C)take over the operation of all firms in major industries,such as telecommunications,transportation,and energy,and operate these firms as non-profit organizations.
D)allow private ownership of businesses,but make use of extensive regulation to force businesses to behave in a socially desirable way.

Question

Quizplus · Accepted Answer

Adam Smith believed in the importance of individual freedom and the market economy. He argued that entrepreneurs pursuing their own self-interest would lead to the most efficient use of resources and the greatest economic growth. Therefore, the best way for the government to encourage job creation and production of desired products would be to allow entrepreneurs a great deal of personal freedom.

According to Adam Smith,the Best Way for the Government to Encourage