Which of the following is a belief about economics supported by Adam Smith?(4 points) Responses Individuals should gather wealth for the well-being of all people. Individuals should gather wealth for the well-being of all people. The government should act to protect domestic industries from competition. The government should act to protect domestic industries from competition. The protection of private property leads to inequality. The protection of private property leads to inequality. The government should have little involvement in the economy.
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The belief about economics supported by Adam Smith is: The government should have little involvement in the economy.
Adam Smith is known for advocating for free market economies and the idea that individuals acting in their own self-interest can lead to beneficial outcomes for society as a whole, often summarized by the concept of the "invisible hand." He argued against heavy government intervention in economic matters.
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