When Adam Smith Described the Invisible Hand,he Was Talking About

question 51

Multiple Choice

When Adam Smith described the invisible hand,he was talking about

• A) the price system.
• B) central planning.
• C) opportunity cost.
• D) the division of labor.
• E) disguised unemployment.

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Definitions:

Conflict

A struggle or clash between opposing forces, interests, or ideas, which can occur at individual, group, or societal levels.

Differential Association

A theory in sociology suggesting that individuals learn criminal behavior from their environment and personal associations.

Edwin Sutherland

An American sociologist known for pioneering the theory of differential association, which suggests that criminal behavior is learned through social interactions.

Socialization

The process by which people learn their culture. They do so by entering and disengaging from a succession of roles and becoming aware of themselves as they interact with others.