Adam Smith believed that government should intervene in economic activities.

a. True

b. False

b. False

Explanation:

Adam Smith was an advocate of free markets, competition, regulation by supply and demand, and self-interest. He opposed mercantilism. He is a major thinker of lassez-faire economics and did not see a large role for the government in regulating markets. Smith believed in "an invisible hand"  that would regulate the market.

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