Adam Smith Wrote, "It Is Not from the Benevolence of the Butcher

question 195

Multiple Choice

Adam Smith wrote, "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest." He meant that:

• A) most of us no longer get our dinner directly from the butcher, the brewer, and the baker.
• B) butchers, brewers, and bakers are not productive members of society.
• C) high-interest payments mean that no one has to work anymore.
• D) people work for the benefit of others because it benefits them to do so.

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Definitions:

Private Owner

An individual or entity that exclusively owns the rights to a property, business, or asset, without governmental sharing or interference.

Prohibited

Forbidden by law, rules, or other forms of authority.

Infringes

The act of violating, breaching, or encroaching upon laws, regulations, contracts, or the rights of others.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods or services that can be produced with a given set of resources and technology.