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

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

Quizplus · Accepted Answer

The idea of the "invisible hand" suggests that the economy is guided by a higher power, operating to achieve the common good, even though individuals may only be acting in their own self-interest. This idea has strong religious overtones, as it implies the existence of a divine force at work.

Which of the Following Ideas of Adam Smith Has Religious