Adam Smith Argues That If Persons Pursue Their Own Interests

question 36

True/False

Adam Smith argues that if persons pursue their own interests through the market, the result will be that the interests of society are promoted more effectively than if governments actively try to do so.

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Definitions:

Title VII

A section of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Bona Fide Occupational Qualification

A work requirement that is essential for the performance of a job, even if it appears to be discriminatory, because it relates directly to the core operations of the business.

Discriminate

To treat someone differently or less favorably on the basis of certain characteristics, such as race, gender, or disability, which is often considered unlawful.

Federal EEOC

The U.S. Equal Employment Opportunity Commission, a federal agency that enforces civil rights laws against workplace discrimination.