Adam Smith's Book, One of the First Systematic Treatments of Economics

question 245

Multiple Choice

Adam Smith's book, one of the first systematic treatments of economics, was entitled

• A)The Plan of the Ages.
• B)The General Theory of Money, Taxes, and Income.
• C)The Wealth of Nations.
• D)Principles of Economics.
• E)Concepts in Moral Philosophy.

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Definitions:

Conditioned Stimulus (CS)

An initially neutral signal that, once paired with an unconditioned stimulus, begins to evoke a conditioned reaction.

Predictor

A variable used in statistical models that is believed to influence or forecast the outcome of another variable.

Puzzle Boxes

Apparatuses used in psychological and animal behavioral experiments where subjects must solve a problem or manipulate mechanisms to escape or obtain a reward.

Thorndike

An influential American psychologist who developed the law of effect, which suggests that behaviors followed by satisfying consequences tend to be repeated, while those followed by unpleasant consequences are less likely to be repeated.