Identify which of the following examples reflects a way Adam Smith thought the government should be involved in the economy.(1 point) Responses The government decides to let businesses set new policies about international trade. The government decides to let businesses set new policies about international trade. The government decides to limit how many flowers any individual person can buy because supply is limited. The government decides to limit how many flowers any individual person can buy because supply is limited. The government builds a road from a city to a major seaport and charges a fee for cars to drive on that road. The government builds a road from a city to a major seaport and charges a fee for cars to drive on that road. The government decides to prohibit box companies from selling their boxes to another country overseas.
The example that reflects a way Adam Smith thought the government should be involved in the economy is:
The government builds a road from a city to a major seaport and charges a fee for cars to drive on that road.
The example that reflects the way Adam Smith thought the government should be involved in the economy is:
The government builds a road from a city to a major seaport and charges a fee for cars to drive on that road.
The example that reflects a way Adam Smith thought the government should be involved in the economy is: "The government builds a road from a city to a major seaport and charges a fee for cars to drive on that road."
Adam Smith, a prominent economist and philosopher, advocated for limited government intervention in the economy. He believed in the principles of free market capitalism and the importance of individual freedom and private property rights.
In the given example, the government's involvement is focused on providing infrastructure (building a road) that benefits economic activities (connecting a city to a major seaport). By charging a fee for cars to drive on that road, the government can generate revenue to cover the costs of the road construction and maintenance. This type of government involvement aligns with Adam Smith's idea of facilitating economic growth through the provision of public goods and services, without interfering in the day-to-day operations of businesses or controlling international trade policies.