Which of the following is a belief about economics supported by Adam Smith?(1 point)

Question

Responses

The government should have little involvement in the economy.
The government should have little involvement in the economy.

The protection of private property leads to inequality.
The protection of private property leads to inequality.

The government should act to protect domestic industries from competition.
The government should act to protect domestic industries from competition.

Individuals should gather wealth for the well-being of all people.

Answer 1

The belief about economics supported by Adam Smith is:

The government should have little involvement in the economy.

Adam Smith advocated for minimal government intervention in the economy, emphasizing the importance of free markets and the idea that individuals acting in their own self-interest can lead to positive outcomes for society as a whole.