Question

Adam Smith’s laissez-faire theories are most closely

associated with
(1) the separation of church and state
(2) minimal government regulation of the economy
(3) a command economy
(4) high tariffs to protect domestic businesses

Answer 1

Adam Smith’s laissez-faire theories are most closely associated with "(2) minimal government regulation of the economy" as Smith was a firm believer in the "invisible" hand of the market.