Which of the following ideas of Adam Smith has religious overtones?
A)Comparative advantage
B)Aggregate demand
C)Perfect competition
D)Rational expectations
E)Invisible hand

Question

Quizplus · Accepted Answer

The idea of the "invisible hand" refers to the notion that by individuals pursuing their own self-interest in a market economy, they unintentionally contribute to the betterment of society as a whole. While not explicitly religious, the concept can be seen as reflecting a belief in divine providence or a higher power guiding the actions of individuals towards a greater good.

Which of the Following Ideas of Adam Smith Has Religious