According to Adam Smith, What Is the Primary Source of a Nation's

question 269

Multiple Choice

According to Adam Smith, what is the primary source of a nation's wealth?

• A) The amount of gold and silver in the government's possession.
• B) A spirit of cooperation in which people share according to their means.
• C) Strong central planning authorities.
• D) The people's ability to produce products and trade in free markets.

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Definitions:

Theory Construction

The process of formulating a systematic set of principles to explain observed phenomena, often involving hypothesis development and testing.

Reinforcement Principles

Guidelines in behavioral psychology that recommend rewarding desired behaviors to increase their occurrence.

Unruly Behaviour

Conduct that is disorderly, disruptive, or not in line with established rules or norms.

Variable Manipulation

The process of altering one or more variables in an experiment to determine its effects on a dependent variable.