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:

Boss

A person who is in charge of a worker or organization and has the authority to make decisions and give orders.

Explicit Memory

A type of long-term memory involving conscious recall of facts and experiences.

Implicit Memory

Retention independent of conscious recollection. (Also called nondeclarative memory.)

Conscious Memory

The aspect of memory that involves the intentional recall of information and experiences that one can consciously declare or "know."