which of the following statements best represents the ideas of adam smith? a free market whose prices are…

which of the following statements best represents the ideas of adam smith? a free market whose prices are guided by the wants of the consumer is dangerous to a successful economy. prices and production should be strictly controlled by the government. a free market whose prices are guided by the wants of the consumer will produce more goods at lower prices. the government should be involved in the economy as much as possible.

which of the following statements best represents the ideas of adam smith? a free market whose prices are guided by the wants of the consumer is dangerous to a successful economy. prices and production should be strictly controlled by the government. a free market whose prices are guided by the wants of the consumer will produce more goods at lower prices. the government should be involved in the economy as much as possible.

Answer

Brief Explanations:

Adam Smith is known for his support of free - market capitalism. He believed that in a free market guided by consumer wants (the invisible hand), more goods would be produced at lower prices due to competition. He did not advocate for strict government control over prices and production or high levels of government economic involvement.

Answer:

A free market whose prices are guided by the wants of the consumer will produce more goods at lower prices.