Author Question: An economic system in which both private industry and government play important roles is A) ... (Read 64 times)

craiczarry · **on:** Jul 9, 2018

An economic system in which both private industry and government play important roles is

A) laissez-faire capitalism.
B) socialism.
C) a mixed, or modified, free-enterprise system.
D) mercantilism.
E) centralism.

Question 2

Although the principles of laissez-faire are associated with Adam Smith-the Scottish economist and founder of the classical school of economics-and with his book Wealth of Nations, published in 1776, where were the principles developed?

A) France
B) United States
C) Great Britain
D) Italy
E) Spain