“Government has no place in the economy if it wants the nation to be wealthy. Markets naturally balance themselves out through the process of supply and demand.” Which of the following is true about this quote and why? A: Adam Smith would not have agreed with this quote. He believed that protection for private property was the only way to ensure a nation’s wealth.
B: Karl Marx would not have agreed with this quote. He believed that protection for private property was the only way to ensure a nation’s wealth.
C: Adam Smith would have agreed with this quote. He believed that free competition between individuals and businesses would lead to wealth.
D: Karl Marx would have agreed with this quote. He believed that free competition between individuals and businesses would lead to wealth.