Author Question: What did Adam Smith argue in The Wealth of Nations? A) Self-interest acted as an invisible hand ... (Read 71 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
What did Adam Smith argue in The Wealth of Nations?
 
  A) Self-interest acted as an invisible hand in the marketplace, automatically regulating the supply of and demand for services.
  B) Mechanization would become the invisible hand and automation would eliminate human labor.
  C) Wealth should be distributed evenly throughout society.
  D) Inexorable natural laws controlled the social order.
  E) A single tax would solve the nation's uneven distribution of wealth.

Question 2

What did Karl Marx argue?
 
  A) that a classless society would emerge when capitalism triumphed around the world.
  B) that individual economic theories were only as effective as those who practiced them.
  C) that workers who knew they would be given a competitive wage would be the most loyal to a company.
  D) that capitalists would eventually bring about their own destruction by driving impoverished workers to revolt.
  E) that only by introducing Biblical principles into the workplace could there be harmony between business owners and their workers.



chem1s3

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

For a complete list of videos, visit our video library