Which of the Following Scenarios Would Best Exemplify Adam Smith's

question 75

Multiple Choice

Which of the following scenarios would best exemplify Adam Smith's view of best serving the interests of society?

• A) Individuals are selected to fill certain positions within the economy of their nation according to the needs of the nation as a whole.
• B) Markets are carefully regulated to ensure that all individuals within a nation are treated fairly and charged standardised prices.
• C) A country only has a limited amount of space for college students and uses a type of lottery system to determine who gets these spaces.
• D) Government scarcely exists in this country, and transactions are based on a system of barter, or trading goods, for other goods.
• E) Individuals in the country may pursue their own economic gain and self-interest by doing whatever is best for them.

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Definitions:

Phenotypic Variation

The observable differences in appearance, physiology, and behavior among individuals of the same species, resulting from genetic and environmental factors.

Genotype

The genetic makeup of an organism, consisting of the alleles that it inherits from its parents, which determines its specific traits.

Environment

The surrounding or conditions in which an organism lives or operates, including all living and non-living things.

Linkage Disequilibrium

The occurrence of alleles at various loci not distributing by chance within a population, frequently because they are located close to each other on a chromosome.