Multiple choice

Adam Smith talked about this economic principle

  1. Profit and Expense

  2. Supply and Demand

  3. Supply and Take

  4. Demand and Give
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Adam Smith, often called the father of modern economics, discussed the mechanics of market forces, including supply and demand, in his seminal work The Wealth of Nations. He explained how these forces regulate prices in a free market.

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