7
QuizMultiple Choice

Business and Government — Test

Question 7 • Economics

Who was known as the "Father of Economics,” whose ideas of free markets inspired classical economic thinkers?

Answer
A
John Keynes
B
Adam Smith
C
Friedrich Hayek
D
Milton Friedman

Explanation

Adam Smith is often called the “Father of Economics.” In The Wealth of Nations, he argued that individuals pursuing their own interests in free markets can help organize economic activity. His ideas strongly influenced classical economic thinkers.

AI-written and checked against the verified answer.

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