I believe it would be false
By granting economic favors
Answer:
B) traditional
Explanation:
The traditional economy type is an economy type that is not very fond of implementing changes, but instead it holds firmly to the old ways, the ones that are well known and work for sure. Because of the lack of risk and experimenting, this economy type is much more backward than the other economy types, as its reluctance for change also means that it lacks technology, and the technology is crucial for the economic development. While in the other economic types, the technology is the main power, in the traditional economy type there's still bartering in existence.
The correct answer is C) To gain the greatest possible profit.
Adam Smith is well known for his economic philosophies written in his book <em>Wealth of Nations</em>. This influential book about capitalism and laissez faire economics helped to develop America's modern economic system.
In his book <em>Wealth of Nations, </em>Adam Smith advocates no government intervention in the economy. Instead, he argues that competition between businesses will result in the best possible outcome for society. Along with this, Smith argues that when individuals act selfishly, they will help society as a whole. This is because acting in your own best interest will result in lower prices or hiring more workers. These types of effects have a positive impact on the society as a whole.
