Question

Adam Smith "debunked" what two older economic theories?
O Communism and Socialism
O None of These
Mercantilism and Physiocrats
O Capitalism and Economicism

Answer 1

Final answer:

Adam Smith debunked mercantilism and Physiocrats in 'The Wealth of Nations.'

Explanation:

Adam Smith debunked mercantilism and the Physiocrats in his influential work The Wealth of Nations. Mercantilism promoted government intervention and the accumulation of precious metals, while Physiocrats focused on agriculture as the main source of wealth, contrasting with Smith's ideas of free markets and capitalism.

Learn more about Adam Smith's debunking of economic theories here:

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