An Insight First Fully Developed by Adam Smith Is That

question 84

Multiple Choice

An insight first fully developed by Adam Smith is that

• A)without benevolence production would not occur.
• B)all individuals are motivated solely by self-interest.
• C)self-interest,not benevolence,is the foundation of economic order.
• D)self-interest undermines effective economic order.
• E)individual self-interest is the only necessary force for social order.

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Definitions:

Dependent Variable

The variable in an experiment or study that is assumed to depend on or be caused by another variable (the independent variable).

Coefficient Of Determination

A statistical measure in regression analysis that quantifies the proportion of the variance in the dependent variable predictable from the independent variable(s).

Coefficient Of Correlation

Measures the strength and direction of a linear relationship between two variables on a scatterplot, ranging from -1 to 1, where 1 means a perfect positive correlation and -1 means a perfect negative correlation.