Asked by shivangi thakur on May 02, 2024
Verified
The Scottish political economist and moral philosopher Adam Smith argued that a person's self-interest:
A) was not determined by God.
B) was not determined by the government.
C) was not related to his or her economic gain.
D) did not aid to his or her productivity.
Economic Gain
The increase in wealth or resources resulting from the profitable activities of individuals or businesses.
Self-interest
The consideration of one's own advantages or benefits in decision making or behavior.
Productivity
The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.
- Understand the concepts of self-interest by Adam Smith and their influence on economic actions and output.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
B
Explanation :
Adam Smith argued that individuals acting in their own self-interest would contribute to the economic well-being of society as a whole, implying that self-interest was not determined by the government but by personal motivations.
Learning Objectives
- Understand the concepts of self-interest by Adam Smith and their influence on economic actions and output.
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