Adam Smith believed that government
A)should not interfere in people's economic decisions.
B)set prices across the board to maintain stability.
C)should encourage people to share and help each other.
D)has a responsibility to the people to manage the economy.
E)is not necessary and should be eliminated entirely.

Question

Quizplus · Accepted Answer

Adam Smith was a strong advocate for laissez-faire economics, which means minimal government intervention in the economy. He believed that individuals pursuing their own self-interest would result in the greatest benefit for society as a whole. Therefore, he did not think the government should interfere in people's economic decisions, making option A the correct answer.

Adam Smith Believed That Government