Question

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

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.

Answer 1

The government should have little involvement in the economy.

Adam Smith argued for limited government intervention and that free markets (guided by the "invisible hand" of self-interest) lead to efficient outcomes, though he did support limited public roles like defense, justice, and public works.