According to Adam Smith, Individual Self-Interest

question 196

Multiple Choice

According to Adam Smith, individual self-interest

• A) is a powerful force for economic progress when it is directed by competitive markets.
• B) is a powerful force for economic progress when individuals are wisely directed by a strong central government.
• C) is a major factor in retarding the economic progress of humankind.
• D) could be either a positive or negative force for economic progress, depending on the moral influences of political leaders.

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Definitions:

Women

Female humans, often referred to in the context of social, political, and economic issues related to gender equality and rights.

Service Occupations

Jobs that involve providing services, rather than goods, to customers or other businesses, typically requiring direct interaction.

Manufacturing Workers

Individuals employed in the production of goods in factories, performing tasks such as assembling, inspecting, and packing products.

Whites

A term often used to refer to people identified as belonging to a group characterized by light skin pigmentation, typically of European descent.