When People Act in Their Self-Interest, What Typically Happens in a Market

question 95

Multiple Choice

When people act in their self-interest, what typically happens in a market system, according to Adam Smith?

• A) They help only themselves.
• B) They harm others.
• C) They help others, but not as much as they would have if they were not self-interested.
• D) They help others even more than when they seek to help others.

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Definitions:

Medical Model

A framework for understanding diseases and disorders focusing on biological factors and treating them through medical intervention.

Abnormal Behaviours

Actions, thoughts, or emotions that are atypical within a culture and could relate to a psychological disorder.

Infectious Agents

Microorganisms or pathogens that are capable of causing diseases in their host, including bacteria, viruses, fungi, and parasites.

Diagnosis

The identification of the nature and cause of a certain phenomenon, especially diseases, through examination of the symptoms.