Question

What economic idea did the US adopt from Adam Smith?

a. monopolies
c. socialism
b. communism
d. laissez-faire
What economic idea did the US adopt from Adam Smith?
a. monopolies
c. socialism
b. communism
d. laissez-faire
What economic idea did the US adopt from Adam Smith?
a. monopolies
c. socialism
b. communism
d. laissez-faire

Answer 1

It was the economic idea of "laissez-faire" that the United States adopted from Adam Smith, since Smith was an advocate for the free market system to be uninhibited by government intervention.