Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. it is his own advantage, indeed, and not that of the society which he has in view. but the study of his own advantage naturally leads him to prefer that employment which is most advantageous to the society. read the quotation by adam smith. according to adam smith, how does self-interest benefit society? it causes people to seek out high-paying jobs. it encourages people to be more benevolent. it causes people to behave more cautiously. it encourages employers to pay high wages.

The answer is the First one: It causes people to seek out high-paying jobs

Explanation:

In 1776, the well known economist "Adam Smith", came up with the idea of the invisible hand. This explains the fact that an employer or a seller needs to look for a way and behave more caustiously to become wealthier and obtain more earnings. And the buyer or client will be more satisfied with the service or product offered by the employer or the seller.

The correct answer is: It encourages employers to pay high wages. For Adam Smith economy is shaped by self-interest, which is a motivator and competition, which is the regulator.

In the book “The Wealth of Nations”, he says: “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their own interest”.  

By the concept of the Invisible Hand he explains when parties take their decisions and actions from a rational self-interest thinking unplanned benefits are produced for individuals and society.  

Then, as employers pay high wages they motivate their employees to increase productivity and by offering high payments they also increase competition between individuals searching for the position, which in order to have a high payment will provide a high quality service or goods.  

d! i hope u get it ! xddd

is this question from a book? ?