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The Enlightenment Practice Test
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Q1
In Britain, a writer in the 1770s argues that individuals pursuing their own economic interest in competitive markets can unintentionally promote overall prosperity. He criticizes monopolies and excessive regulation, suggesting that prices and production are best coordinated through voluntary exchange. Which Enlightenment-era economic idea is most directly reflected here?
In Britain, a writer in the 1770s argues that individuals pursuing their own economic interest in competitive markets can unintentionally promote overall prosperity. He criticizes monopolies and excessive regulation, suggesting that prices and production are best coordinated through voluntary exchange. Which Enlightenment-era economic idea is most directly reflected here?