____________ assumed that, the wealthier a nation, the happier its citizens are.

Alfred Marshall

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Lionel Robbins

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Adam Smith

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Samuelson

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Solution

The correct option is B Adam Smith
The central thesis of Smith's "The Wealth of Nations" is that our individual need to fulfill self-interest results in societal benefit, in what is known as his "invisible hand". He believed that more wealth to common people would benefit a nation's economy and society as a whole. In The Wealth of Nations, Smith described a self-regulating market.

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