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.
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