Question

How did Adam Smith’s economic ideas help the United States establish a free enterprise system? Check all that apply.

They led to freedom of choice for consumers and producers.
They led to fixed prices for consumers and producers.
They led to open competition for consumers.
They led to individual ownership of property.
They led to more government spending and increased demand.
They led to limited choice and communal ownership of property.

Answer 1

Correct answers:
- They led to freedom of choice for consumers and producers.
- They led to open competition for consumers.
- They led to individual ownership of property.

Explanation (brief): Adam Smith promoted free markets, competition, and private property with limited government interference. He did not advocate fixed prices, increased government spending, or communal ownership.