According to Adam Smith

question 168

Multiple Choice

According to Adam Smith

• A) government intervention in markets is not desirable because an invisible hand leads decisions made in pursuit of self-interest to unintentionally promote the social interest.
• B) politicians are well-equipped to regulate corporations and intervene in markets to improve market outcomes.
• C) when big corporations pursue their self-interest of maximum profit, they will inevitably conflict with social interest.
• D) in a market transaction buyers can either get what they want for less than they would be willing to pay or sellers can earn a profit, but both buyers and sellers can't gain simultaneously.

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Definitions:

Clear Cultural Connections

The explicit and understandable links made between learning content and the cultural contexts or backgrounds of students.

Superficial Multicultural Programs

Programs that aim to promote cultural awareness and diversity but only address these issues on a surface level without fostering deep understanding or change.

Self-efficacy

refers to an individual's belief in their own ability to successfully accomplish a task or deal with challenges.

Families in Poverty

Families in Poverty are households living below the poverty line, struggling to afford basic necessities such as food, shelter, and healthcare, impacting their overall well-being and opportunities.