Which of the Following Observations Was Made Famous by Adam

question 57

Multiple Choice

Which of the following observations was made famous by Adam Smith in his book The Wealth of Nations?

• A) There is no such thing as a free lunch
• B) People buy more when prices are low than when prices are high
• C) No matter how much people earn, they tend to spend more than they earn
• D) Households and firms interacting in markets are guided as if by an 'invisible hand'

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Definitions:

Gonorrhea

A sexually transmitted infection caused by the bacterium Neisseria gonorrhoeae, characterized by the inflammation of the genital tract.

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to AIDS (Acquired Immunodeficiency Syndrome) if not treated.

Genital Candidiasis

A fungal infection affecting the genital area, caused by the yeast genus Candida, commonly presenting as vaginal yeast infections in women.

Yeast Infection

A fungal infection typically caused by Candida species, leading to symptoms like itching and discharge.