Which of the Following Statements Is Associated with Smith's Theory

question 94

Multiple Choice

 Which of the following statements is associated with Smith's theory on economic productivity?

• A)Subdivision of labor is more efficient than having one worker produce a product entirely by himself.
• B)All of the answers are correct. 
• C)A nation should strive to produce a limited variety of goods.
• D)He believed there would be more wealth for all with a free market than with a mercantilist system.
• E)Free labor negotiated in the market would lead to more efficient production.

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Definitions:

Contingency Management

Contingency Management is a behavior modification technique where desired behaviors are reinforced through tangible rewards or the removal of negative consequences.

Counterconditioning

A behavior therapy technique where a maladaptive response is replaced with a more desirable one by associating the feared stimulus with a new, positive response.

Stimulus Control

A behavior modification technique that involves changing the environment to manage the stimuli that trigger undesirable behaviors, thereby reducing or eliminating those behaviors.

Stimulation

Any activity that arouses or excites a bodily function or mental process, potentially leading to enhanced functioning or perception.