Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

as every individual, therefore, endeavours as much as he can, both to e…

Question

as every individual, therefore, endeavours as much as he can, both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value, every individual necessarily labours to render the annual revenue of the society as great as he can. by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.—adam smith, the wealth of nations, 1776which of the following best describes the “end” of which smith speaks in this paragraph?a increasing society’s wealth in generalb encouraging others to enter the marketc promoting foreign industry at the expense of domestic industryd forcing competitors out of the marketthe “invisible hand” to which smith refers can be thought of as a symbol for ______________a laws imposed from above by kings and parliamentsb natural conditions such as weatherc individuals’ selfless efforts to improve their financial position

Explanation:

Brief Explanations

For the first question: The passage states individuals aim for their own gain, but the invisible hand leads them to grow society's annual revenue (wealth) unintentionally. This matches option A.
For the second question: The invisible hand refers to how individuals pursuing their own financial betterment indirectly benefits society, so it symbolizes these intentional personal efforts. This matches option C.

Answer:

  1. A. increasing society's wealth in general
  2. C. individuals' deliberate efforts to improve their financial position