According to Adam Smith, Individual Self-Interest

question 196

Multiple Choice

According to Adam Smith, individual self-interest

• A) is a powerful force for economic progress when it is directed by competitive markets.
• B) is a powerful force for economic progress when individuals are wisely directed by a strong central government.
• C) is a major factor in retarding the economic progress of humankind.
• D) could be either a positive or negative force for economic progress, depending on the moral influences of political leaders.

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Definitions:

Decreased Acceptance

A reduction in the approval, agreement, or support for something or someone.

Team-Maintenance Role

A role within a group focused on maintaining positive relationships and team cohesion.

Verbal Support

The act of expressing encouragement, agreement, or backing through spoken words.

Nonverbal Support

The use of body language, facial expressions, gestures, and other nonverbal cues to reinforce or complement verbal communication.