Adam Smith Believed That Countries Would Prosper If Businesspeople Were

question 47

Multiple Choice

Adam Smith believed that countries would prosper if businesspeople were free to start and run their own businesses,because business people would make a profit by providing the goods,services and ideas that others in the economy wanted.This was called the:

• A)kinked demand theory.
• B)demand accelerator.
• C)invisible hand.
• D)spending multiplier.

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Definitions:

Qualitative Research

A research methodology that focuses on understanding phenomena through the collection and analysis of non-numerical data such as interviews and observations.

Psychological Disorders

Mental health conditions characterized by significant disturbances in thoughts, feelings, or behaviors, often associated with distress or impaired functioning.

Social Anxiety

Social Anxiety is a condition characterized by intense fear or anxiety in one or more social situations, causing considerable distress and impaired ability to function in parts of daily life.

Self-Presentation Theory

Self-presentation theory suggests that individuals aim to present themselves in a favorable way to manage the impressions others form of them.