Adam Smith's Economic Theory Is Based on Which of the Following

question 1

Multiple Choice

Adam Smith's economic theory is based on which of the following assumptions?

• A)People want to promote each others' interests.
• B)Morality is not relevant to economic concerns.
• C)Free markets will fix their own ethical problems.
• D)People will behave rationally as they pursue their interests.

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Definitions:

Internet Access

The ability to connect to and utilize the internet, varying in speed, availability, and affordability across different regions.

Hate Crime

A criminal act motivated by prejudice or hate towards a particular group, based on race, religion, sexual orientation, or other characteristics.

Racial Community

A group of people identified or identifying themselves based on shared racial or ethnic background and experiences.

Ethnic Community

A group of people sharing a common ethnic background, cultural heritage, language, or religion, often forming a community within a larger society.