An Insight First Fully Developed by Adam Smith Is That

question 50

Multiple Choice

An insight first fully developed by Adam Smith is that

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

---

Definitions:

Full-time Work

Employment in which an individual works a minimum number of hours defined as such by their employer, typically involving a commitment of 35-40 hours per week.

Phased Retirement

An arrangement that allows employees to reduce their hours and/or responsibilities in order to ease into retirement.

Complete Cessation

A term referring to the total ending or discontinuation of a behavior or process.

Reduced Working Hours

A labor policy or arrangement where the standard number of hours worked by employees is decreased without a significant reduction in pay, aimed at improving work-life balance.