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

question 35

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:

External Locus

A psychological orientation where individuals attribute their successes and failures to external factors and influences rather than to their own efforts.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, and the desire to do a task well.

Big Five

A model in psychology that describes human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Workplace Behaviours

Refers to the range of actions and interactions among employees within an organization, influencing its culture and performance.