The person viewed as one of the founders of modern economics and known for the doctrine of laissez-faire was
a. John McDonald.
b. Adam Smith.
c. Robert Walpole.
d. Robert Burns.
e. Lord Gordon Brown.
Question 2
Enlightenment advocates of laissez faire economics championed the idea that
a. urged rulers to guide their societies in rationally determined directions.
b. were vigorously opposed by Adams Smith.
c. Absolutist rulers could levy whatever taxes were best for the State.
d. were led, unofficially, by Montesquieu and ideas contained in his Encyclopedia.
e. believed that individuals should be free to pursue their own economic self-interest.