Sue is a gifted cook. She plans to open a restaurant in which she will be the head chef. Sue is willing to work long hours because she believes that her culinary talents and hard work will allow her business to succeed and earn her sizeable profits. Sue's efforts are most consistent with the economic theory developed by:
A) Thomas Malthus.
B) Karl Marx.
C) Adam Smith.
D) David Ricardo.

Question

Quizplus · Accepted Answer

Sue's belief that her hard work and talents will lead to the success and profitability of her business is consistent with the economic theory developed by Adam Smith, who believed that individuals pursuing their own self-interest and using their talents would contribute to the overall prosperity of society. This theory is known as laissez-faire economics and emphasizes the importance of free markets and individual initiative in driving economic growth. The other answer choices are not relevant to Sue's situation.

Sue Is a Gifted Cook