Answered

What did Adam Smith believe?

Select one:
A. That people's actions are led by an "invisible hand."
B. That surplus value should go to the workers.
C. In the labor theory of value.
D. That capitalists exploited workers.



Answer :

GinnyAnswer

Final answer:

Adam Smith believed in the concept of 'the invisible hand' and the labor theory of value.


Explanation:

Adam Smith believed in the concept of 'the invisible hand.' This idea suggests that individuals, when pursuing their self-interest in a free market, unintentionally benefit society as a whole. Smith also proposed the labor theory of value, which asserts that the value of goods is determined by the amount of labor involved in their production.


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