In 1776 with an inquiry into the nature and causes of the wealth of nations, adam smith challenged the prevailing belief in mercantilist policies. the characteristic of capitalism that buyers and sellers will freely and willingly exchange in market transaction is called
a) profit motive.
b) economic freedom.
c) voluntary exchange.
d) entrepreneurial spirit.

During jefferson's administration, which of the following represented his tenure? a) he believed the power of his gov depended upon his popularity b) jefferson thought that the strength of his government depended its use if force c) she refused to add territory to the u. s without approval of the states. d) jefferson though of “hands off” approach to the states and less power in the cen. gov. would benefit the nation