unit 1 economic fundamentals test\nadam smiths key economic thought\nnations prosper when buyers and sellers…

unit 1 economic fundamentals test\nadam smiths key economic thought\nnations prosper when buyers and sellers are free to do business without govt. interference.\ncompetition is the key to a healthy economy\npeople want the basic necessities of life (food, clothing, and shelter and things that entertain them and make life easier and convenient.\nall of the above

unit 1 economic fundamentals test\nadam smiths key economic thought\nnations prosper when buyers and sellers are free to do business without govt. interference.\ncompetition is the key to a healthy economy\npeople want the basic necessities of life (food, clothing, and shelter and things that entertain them and make life easier and convenient.\nall of the above

Answer

Brief Explanations:

Adam Smith believed in free - market capitalism where buyers and sellers can operate without government interference (laissez - faire). He also emphasized the importance of competition for a healthy economy. And his work recognized human wants for basic necessities and goods that improve life quality.

Answer:

D. all of the above