Adam Smith Noted That People Are Adept at Pursuing Their

question 47

Multiple Choice

Adam Smith noted that people are adept at pursuing their own self-interests, and that ____ harnesses this self-interest remarkably well.

• A)a totalitarian regime
• B)a market system
• C)a democratic government
• D)a closed system

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Definitions:

Populists

A political movement in the late 19th century United States, advocating for the interests of average people (often farmers) against the elites, leading to the creation of the Populist Party.

Office of The Presidency

The executive branch of government in the United States, led by the President, responsible for guiding the country's policies and overall administration.

Evaluate

To systematically determine the value, significance, or worth of something, usually by carefully considering its strengths, weaknesses, and relevant criteria.

Held The Office

Refers to the period during which an individual officially occupies a position of authority or public service.