Adam Smith argues in the Wealth of Nations that an economy will produce more goods and services if

Question

BlackTom AI · Accepted Answer

When evaluating Adam Smith's claim in the Wealth of Nations about how an economy will produce more goods and services, several options must be weighed for accuracy and coherence with his theory.
Option a says: 'a. people ignore their own interests and contribute to national wealth as a whole.' This reverses Smith's idea. He argues that individuals pursuing their own self-interest can inadvertently promote the public good through the mechanism of the invisible hand, not that they ignore their own interests.
Option b says: 'b. people act in their own self-interest, than if the government directs economic activity.' This aligns with Smith's core assertion that voluntary actions driven by self-interest, when allowed to operate with minimal government interference, tend to allocate resources more efficiently than centralized planning—hence more goods and services emerge. The comparison to government-directed activity captures the tension Smith emphasized between laissez-faire tendencies and state control.
Option c says: 'c. the government controls the use of the nation's scarce resources.' This reflects a view of centralized planning or heavy government control, which Smith explicitly criticized as less efficient than decentralized pursuit of self-interest in a competitive market.
Option d says: 'd. people act in the public interest than if they act in their own self-interest.' This flips Smith’s emphasis. He argued that self-interest, not the public interest per se, can lead to desirable outcomes through market mechanisms, provided institutions are appropriate; claiming the public interest supersedes self-interest diverges from his argument.
In summary, understanding Smith requires recognizing that the productive force comes from individuals pursuing their own gains within a competitive framework, which often yields greater overall output than direct government direction. The other options either misstate the role of self-interest, imply centralized control, or invert the causal emphasis that Smith identifies.

Adam Smith argues in the Wealth of Nations that an economy will produce more goods and services if

查看解析

登录即可查看完整答案

类似问题

Technological advancements, such as the personal computer and medical discoveries, are primarily driven by the profit motive. However, such advancements eventually promote the public or social interest as though they are guided by Blank ______. BlackTom题目解析

The "invisible hand" guides firms and resource suppliers to promote Blank ______ even as they seek to further their own interests. BlackTom题目解析

The "invisible hand" refers to

The "invisible hand" refers to

Adam Smith argues in the Wealth of Nations that an economy will produce more goods and services if

Choose the best answer to complete the sentence according to the information in the lecture. 19. The ‘invisible hand’ refers to the:

Adam Smith's “invisible hand” concept describes how corporate business reaches into the pockets of consumers like an “invisible hand.”

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单