Adam Smith Stated, "The Man of System Is Apt to Be

question 65

Multiple Choice

Adam Smith stated, "The man of system is apt to be very wise in his own conceit. He seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board." Which is true of this statement?

• A) Keynes would tend to agree with the statement; Heyek would disagree with it.
• B) Keynes would tend to disagree with the statement; Hayek would agree with it.
• C) As the rap video indicates, both Keynes and Hayek strongly agree with this statement.
• D) As the rap video indicates, both Keynes and Hayek strongly disagree with this statement.

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Definitions:

Consecutive Weeks

A series of weeks that follow one after another without interruption, often used in the context of scheduling or data collection.

Sign Test

A non-parametric test used to determine if two related paired samples come from the same distribution, without assuming a parametric form for that distribution.

Matched Pairs

A study design where experimental units are paired up because they are similar in terms of certain factors, with one unit in each pair receiving each treatment.

Hypotheses

Proposed explanations made on the basis of limited evidence as a starting point for further investigation.