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.

---

Definitions:

State Action

A legal principle that actions taken by government bodies or officials are subject to constitutional standards including civil rights protections, distinguishing them from actions taken by private individuals.

Court Orders

Legal commands issued by a court or judge, requiring individuals or entities to perform or refrain from performing specific acts.

Private Agreement

An arrangement or contract made between parties without formal, public, or official announcement or documentation.

Due Process Clause

A constitutional provision guaranteeing fair treatment through the normal judicial system, especially as a citizen's entitlement.