Which Statement Was Coined by Adam Smith

question 179

Multiple Choice

Which statement was coined by Adam Smith?

• A)By pursuing his own interest,he frequently promotes that of the society more effectually than when he really intends to promote it.
• B)The factory owner,by paying his workers meager wages,is able to use this surplus to buy more capital goods.
• C)The foundation of our economic system is socialist ownership of the means of production in the form of state property and collective farm and cooperative property.
• D)None of these statements were coined by Adam Smith.

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Definitions:

Higher Education

Formal education beyond the secondary level, particularly provided by colleges and universities, leading to degrees or certifications.

Freedmen Request

Petitions or demands made by formerly enslaved individuals following the Civil War, often regarding civil rights and land ownership.

Homestead

A dwelling with its land and buildings, occupied by the owner as their primary residence, often associated with historical laws granting land to families for farming or settlement.