Adam Smith's ________ Refers to the Process by Which Individuals

question 205

Multiple Choice

Adam Smith's ________ refers to the process by which individuals acting in their own self-interest bring about a market outcome that benefits society as a whole.

• A)Utopian society
• B)comparative advantage model
• C)invisible hand
• D)survival of the fittest theory

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Definitions:

Imprinting

(1) The expression of a gene based on its parental origin; also called genomic imprinting or parental imprinting. (2) A type of learning by which a young bird or mammal forms a strong social attachment to an individual (usually a parent) or object within a few hours after hatching or birth.

Circadian Rhythm

The internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.

Environmental Stimulus

A change in the environment that elicits a response from an organism.

Sign Stimulus

Any stimulus that elicits a fixed action pattern in an animal.