In 1776, an economics book titled was published to promote the concept of free enterprise.

a.) the wealth of nations
b.) the world economy
c.) the success of nations
d.) the economic system

In 1776, an economics book titled ( A ) "The Wealth of the Nations" was published to promote free enterprise. The author of this famous work, considered the foundation of modern economic science, was Adam Smith. In the book he stresses the point of free market.

In 1776, an economics book titled “The Wealth of Nations” was published to promote the concept of free enterprise.

Further Explanations:

Adam Smith a Scottish philosopher was the author of the book “The Wealth of Nation” explaining the Mercantilism system of that era. Being a philosopher by trade he clearly explained that the system of wealth was fixed and finite and was in the hoard of gathering tariff products and gold from overseas. As per the theory, it was explained that for a stable economy the nation should sell goods overseas without import.  

The core of the Smith Thesis was that every human has a natural tendency for its self-interest that results in the opulence. A human promotes public attentiveness through their routine economic choices. So, stated that granting everyone liberty to produce goods and exchange goods as per the market would promote greater prosperity with stringent governmental regulations.

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3. James McCulloch most likely supported the idea that Congress could create banks because he knew that Maryland law did not allow for state-run banks. He believed the court should follow the implied powers of the constitution. He supported the idea of federal supremacy. he didn’t want to pay state taxes on his bank?

Answer Details

Grade: High School

Subject: History

Chapter: Economy

Keywords: Adam Smith, Scottish philosopher, The Wealth of Nation, Mercantilism system, tariff products, overseas, opulence, stringent governmental regulations, philosopher, stable economy,Smith Thesis

a.) a poor farmer, due to the fact that they would want to be freed from british rule.

d) true or false question