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Dr. Liao is interested in studying the relation between mood and willingness to help a stranger. Every participant in her study completes a mood-rating questionnaire and is then given an opportunity to donate money to a homeless stranger. Dr. Liao is using a(n) ________ design.
Pin Factory
A classic example used by Adam Smith to describe the benefits of specialization and division of labor.
The Wealth of Nations
A seminal book by Adam Smith that lays the foundations of classical economics and discusses the division of labor, productivity, and free markets.
Adam Smith
An 18th-century Scottish economist and philosopher, often considered the father of modern economics, best known for his work "The Wealth of Nations."
Specialization
The process by which individuals, businesses, or economies focus on producing a limited range of goods or services to gain efficiencies.
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