QuestionMay 29, 2025

According to Adam Smith the government should be responsible for encouraging producers to act in their own self-interest. imposing tariffs and quotas on any imported products. helping business owners develop a sense of self-respect. setting the amount that could be charged for a product.

According to Adam Smith the government should be responsible for encouraging producers to act in their own self-interest. imposing tariffs and quotas on any imported products. helping business owners develop a sense of self-respect. setting the amount that could be charged for a product.
According to Adam Smith the government should be responsible for
encouraging producers to act in their own self-interest.
imposing tariffs and quotas on any imported products.
helping business owners develop a sense of self-respect.
setting the amount that could be charged for a product.

Solution
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Answer

Encouraging producers to act in their own self-interest. Explanation 1. Identify Adam Smith's Philosophy Adam Smith advocated for the "invisible hand" where individuals acting in their own self-interest would lead to economic prosperity without government intervention. 2. Determine Government Role According to Smith Smith believed the government's role was limited to protecting society, administering justice, and providing public goods, not setting prices or imposing tariffs.

Explanation

1. Identify Adam Smith's Philosophy<br /> Adam Smith advocated for the "invisible hand" where individuals acting in their own self-interest would lead to economic prosperity without government intervention.<br /><br />2. Determine Government Role According to Smith<br /> Smith believed the government's role was limited to protecting society, administering justice, and providing public goods, not setting prices or imposing tariffs.
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