Question

Use the following quote from Adam Smith to answer the question below:

"No society can surely be flourishing and happy, of whom the far greater part of the members are poor and miserable."--Public Domain

Which of the following does Adam Smith imply is an important value for society as a whole?

A. Care and concern for the less fortunate
B. A focus on exports vs. imports
C. An "invisible hand" that regulates free markets
D. Laissez-faire policies by the government toward business

Answer 1

The answer is a. Nothing else really makes sense. 

Answer 2

The correct answer is A) Care and concern for the less fortunate.

"No society can surely be flourishing and happy, of whom the far greater part of the members are poor and miserable."--Public Domain

Adam Smith implies that "care and concern for the less fortunate" is an important value for society as a whole.

Adam Smith (1723-1790) was a Scottish economist that established the principles of Capitalism in his book "The Wealth of Nations" in 1776. He suggested that the economic level of a country should be measured by its production and trade, instead of reserves of gold. Although he had Capitalist beliefs, he considered that care and concern for the less fortunate was an important value for society as a whole.