Adam Smith Argued That Each Person in a Competitive Market

question 349

Multiple Choice

Adam Smith argued that each person in a competitive market is led to promote the

• A) efficient use of society's resources, because each person's intention is to make society better off.
• B) efficient use of society's resources, even though it is no person's intention to make society better off.
• C) inefficient use of society's resources, even though each person's intention is to make society better off.
• D) inefficient use of society's resources, because it is no person's intention to make society better off.

---

Definitions:

Anterior Pituitary

The front portion of the pituitary gland, an endocrine organ located at the base of the brain, which produces and releases hormones that regulate many bodily functions.

Endocrine Gland

Ductless organ that secretes hormone(s) into the bloodstream.

Testes

Male reproductive organs that produce sperm and hormones, including testosterone, playing a crucial role in male fertility and secondary sexual characteristics.

Vas Deferens

The vas deferens is a long, muscular tube that transports mature sperm from the epididymis to the urethra in anticipation of ejaculation in male mammals.