Adam smith used the metaphor of the "invisible hand" to:
a. describe the appropriate, l...
Social Studies, 20.01.2020 20:31 broooooo4991
Adam smith used the metaphor of the "invisible hand" to:
a. describe the appropriate, limited role of government
b. describe how the individual pursuit of self-interest works to promote the interest of the public as a whole
c. describe how, ideally, income would be distributed "from each according to his ability, to each according to his need"
d. describe the benefits of free trade
choose the pairing that best describes adam smith's view of human motivation in a market economy and karl marx's view of human motivation in a communist economy.
a. adam smith believed that humans in a market economy are motivated by self-interest; karl marx believed that humans in a communist economy are motivated to forgo their self-interests and to cooperate instead.
b. neither adam smith nor karl marx believed that humans are motivated by self-interest.
c. karl marx believed that humans are motivated by self-interest; adam smith believed that humans are motivated to forgo their self-interests and to cooperate instead.
d. neither adam smith nor karl marx believed that humans are motivated to forgo their self-interests and to cooperate instead.
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