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Econ Unit 1B Flashcards | StudBud
Econ Unit 1B
1 / 36
Adam Smith, the prophet and father of laissez-faire, believed that:
A
the gov't should not interfere with the economy
B
colonies were an essential source of competition
C
mercantilism was the only way to insure a truly free trade
D
the gov't should regulate the economy
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