What is the economic driver in a free market economy?

What is the regulator in a free market economy?

A reward that motivates one to act a certain way

Consumer tastes are a factor that affect price.

Wealth of Nations introduced this theory that we should each do what we are best at and trade for other things we want and need

Should be flexible, realistic, and competitive

Money charged to parents for babysitting is a type of price.

The point where supply equals quantity demanded.

Which of the following is NOT one of the economic questions an economy answers?

Lowest legal amount an employer can pay an employee.

The idea that the government should stay out of economic decisions and let suppliers act in their own self interest.

Adam Smith was known as