Exit Pass Lesson 3: Adam Smith and Self-Interest

Who is the considered the "father" of modern economics?

• Adam Smith

• Mr. Feltus

• Thomas Jefferson

• Milton Friedman

Adam Smith believed that greed is good

• True

• False

Adam Smith's work is well read and understood today.

• True

• False

The Wealth of Nations was written as a critique of ______________.

• Free Trade

• Mercantilism

• Markets

• Self-Interest

What economic system involves restrictive trade practices like high tariffs?

• Market

• Command

• Mercantilism

• American