Adam Smith argued for B. Free trade, free markets, individualism and opposed absolutist rule.
The correct answer is B. Free trade, free markets, individualism and opposed absolutist rule. Adam Smith is known as one of the founding figures of classical economics and wrote "The Wealth of Nations" where he advocated for these principles. He believed that individuals pursuing their own self-interest in a free market would lead to overall economic prosperity and opposed government intervention and control in the economy.
The correct answer is B. Free trade, free markets, individualism and opposed absolutist rule. Adam Smith, an 18th-century Scottish economist, is best known for his book "The Wealth of Nations," in which he advocated for the principles mentioned. To arrive at this answer, you can first eliminate options C and D, as Adam Smith did not support either enslavement of Africans or returning Europe to a feudal economy (which is a social system based on the exchange of land for services). Next, you can eliminate option A, as Adam Smith was critical of mercantilism, which is an economic system that aims to accumulate wealth through trade surpluses and protectionist policies. Finally, by process of elimination, you are left with option B, which accurately summarizes Adam Smith's views on free trade, free markets, individualism, and opposition to absolutist rule.
