Question

1.Based on what you learned about Adam Smith, do you agree or disagree with his beliefs on economics? Why or Why not? If you were to offer your own solution on people and economics, what would it be and why?

Answer 1

To answer this question, you need to know who Adam smith is.
Basically, he's known as the father of economics and has the capitalistic view of the free-market economy.

http://www.investopedia.com/articles/economics/08/adam-smith-economics.asp

Here's a link to "all about Adam Smith"

If you know his views and beliefs, you can decide on your own, whether or not you agree with him.