Which of the following is a belief about economics supported by Adam Smith?
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1 point
The government should have little involvement in the economy.
The protection of private property leads to inequality.
The government should act to protect domestic industries from competition.
Individuals should gather wealth for the well-being of all people.
The first option, "The government should have little involvement in the economy," is a belief about economics supported by Adam Smith. Smith believed in the concept of laissez-faire capitalism, where government intervention in the economy should be minimal.
