Which of the Following Was a Key Belief of Adam

question 12

Multiple Choice

Which of the following was a key belief of Adam Smith?

• A) he felt that human goodness would provide adequate goods and services to everyone.
• B) he stressed that limited exchange and command economies would prevent the exploitation of the poor.
• C) he believed that individuals pursuing their own interests would direct economic activity in the most advantageous way.
• D) he lectured about the importance of gold and silver in providing a stable monetary system.

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Definitions:

Bond

A connection, physical or emotional, that forms between individuals, such as between parents and children or between friends.

Endorphins

Natural chemicals produced by the body to relieve stress and pain, often associated with feelings of pleasure or euphoria.

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, enabling communication and coordination.

Opiates

A group of drugs derived from opium that are used for their analgesic (pain relief) properties, but are also highly addictive.