The "Invisible Hand" of Adam Smith's Theory Could Best Guide

question 11

Multiple Choice

The "invisible hand" of Adam Smith's theory could best guide economic activity because:

• A)state-owned manufacturing signified the wealth of a nation.
• B)it controlled middle-class entrepreneurs with legislative restrictions on trade.
• C)it made all mercantilist interests legitimate functions of government.
• D)all humans are rational and are the best judges of their own interests.
• E)Smith believed that economics was controlled by something beyond human understanding.

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Definitions:

France

A country in Western Europe known for its history, art, fashion, and cuisine, famous for landmarks like the Eiffel Tower and the Louvre Museum, and significant for its influence on world politics, culture, and economy.

Easter Rising

An armed insurrection in Ireland during Easter Week, April 1916, by Irish republicans to end British rule in Ireland and establish an independent Irish Republic.

British

Relating to Great Britain or the United Kingdom, including its people, culture, and historical context.

Ireland

An island in the North Atlantic, separated from Great Britain to its east by the North Channel, the Irish Sea, and St George's Channel, comprising the Republic of Ireland and Northern Ireland.