Adam Smith's behavioral assumption about humans was that people
A)typically act irrationally.
B)usually act in a rational, self-interested way.
C)are consistently greedy.
D)typically act randomly.

Question

Quizplus · Accepted Answer

Adam Smith believed that humans act in a rational, self-interested way, seeking the greatest benefit for themselves. This is known as the assumption of rational self-interest and forms the basis of modern economic theory.

Adam Smith's Behavioral Assumption About Humans Was That People