18
QuizMultiple Choice

Nationalism and Industrialism — Test

Question 18 • World History

The three main ideas behind capitalism as defined by Adam Smith are

Answer
A
competition, free markets, and trade limits.
B
laissez-faire, regulation, and self interest.
C
free markets, laissez-faire, and fair taxes.
D
competition, self interest, and laissez-faire.

Explanation

Adam Smith’s ideas about capitalism emphasize self-interest, competition, and laissez-faire, meaning limited government interference in economic activity. Choice D lists all three; the other choices include trade limits, regulation, or fair taxes instead of one of these central ideas.

AI-written and checked against the verified answer.

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