102k views
3 votes
Adam Smith's economic philosophy would support which of the following international trade policies. A. Protectionism B. Free Trade C. High Tariffs D. None of the Above

User Jkitchen
by
5.5k points

1 Answer

7 votes

Answer:

B. Free trade

Step-by-step explanation:

Adam smiths economic policy advocated for free trade. In his argument, if everyone is given the freedom and go ahead to produce goods and also exchange them as they want, and if market is open to competition domestically and internationally, then there would be greater prosperity compared to when the market is under strict rules of the government.

He is the father of Laissez faire economics. Laissez faire means to leave alone.

User FarhadA
by
6.0k points