Question

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

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

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.

Answer 1

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

Adam Smith advocated limited government interference and free markets (the "invisible hand" idea), believing individuals' self-interest in markets leads to public benefit.