Sue is a gifted cook.She is about to open her own business,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 a great deal of money.Sue's efforts appear most consistent with the economic theory developed by:
A)Thomas Malthus.
B)Karl Marx.
C)Adam Smith.
D)David Ricardo.

Question

Quizplus · Accepted Answer

Adam Smith's economic theory, as outlined in his book "The Wealth of Nations," emphasizes the idea of self-interest and the free market. Smith believed that individuals pursuing their own self-interest would lead to economic growth and prosperity for all. Sue's willingness to work long hours and use her talents to create a successful business aligned with Smith's ideas about the power of individual initiative and entrepreneurship.

Sue Is a Gifted Cook