Examlex
Midway through a unit on how mountains are formed,Mr. McDonald gives a brief quiz to find out what students do and don't understand. He plans to focus the next few classes on the things about which students are most confused. Which one of the following does Mr. McDonald's quiz exemplify?
Invisible Hand
A metaphor used by Adam Smith to describe the unintended social benefits resulting from individual actions.
Adam Smith
An 18th-century Scottish economist and philosopher, best known for his works "The Wealth of Nations," which laid the foundations for classical free market economic theory.
Free Market
An economic system where prices for goods and services are determined by the open market and consumers, in contrast to a controlled economy.
Religious Liberty
The freedom to practice one’s religion without interference from the government or discrimination by others, protected by law in many democratic societies.
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