Question

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which of the following is not one of the fundamental assumptions of adam smiths capitalism?
the creation of wealth is the concern of private individuals, not the government.
the key industries are owned and controlled by the government.
economic freedom ensures the existence of competitive markets that allow both sellers and buyers to enter and leave the market as they choose.
individuals must own private property and the resources used to create wealth.
the role of government should be limited to providing defense against foreign enemies, ensuring internal order, and furnishing public works and education.
question 18
4 pts
which of the following is not one of the four basic economic questions that determine which type of economic system a nation has?
who owns and controls the factors of production?
for whom will goods and services be produced?
what goods and services will be produced?
how will goods and services be produced?
how will manufacturing be conducted to conserve natural resources?

Explanation:

Adam Smith's capitalism emphasizes private - owned wealth and free markets, not government - owned key industries. The four basic economic questions don't include natural resource conservation in the core set.

Answer:

1. The key industries are owned and controlled by the government.
2. How will manufacturing be conducted to conserve natural resources?