Question

select the correct answer.
mark is an excellent cook. he does not have any formal training but learned to cook by following the recipes of several famous chefs and his mom. every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. which of adam smiths ideas made mark think of starting a restaurant?
○ a. invisible hand
○ b. self - interest
○ c. competition
○ d. laissez - faire

Explanation:

Adam Smith's concept of self - interest suggests that individuals act in their own best interest. Mark wants to start a restaurant to be successful and wealthy, which is driven by his self - interest. The invisible hand refers to the market mechanism that guides the economy without direct intervention. Competition is about rivalry among firms. Laissez - faire is about minimal government intervention. Since Mark's motivation is personal gain (success and wealth), self - interest is the most relevant.

Answer:

B. self - interest