Question

how did adam smiths 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.

Explanation:

Adam Smith's ideas emphasized free - market principles. Freedom of choice for consumers and producers is a key aspect of a free - enterprise system. Open competition is also promoted as it allows for efficient allocation of resources. Individual property ownership is another fundamental element that encourages entrepreneurship. Fixed prices go against the free - market concept. More government spending and increased demand are not direct results of Smith's free - market ideas. Limited choice and communal ownership are contrary to his principles.

Answer:

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