Who Was the Author of the Wealth of Nations in Which

question 65

Multiple Choice

Who was the author of The Wealth of Nations in which he stated that "an individual who intends his own gain is led by an invisible hand to promote an end that was no part of his intention..."?

• A) David Hume
• B) Adam Smith
• C) Karl Marx
• D) John Stuart Mill

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Definitions:

Level Of Significance

The threshold below which a statistical result is considered significant, indicating that an observed effect is unlikely to be due to chance alone.

Quantitative Data

Data that can be quantified and verified, and is amenable to statistical manipulation, typically involving numerical values.

Parametric Statistical Test

Statistical tests based on assumptions about the population parameters and the distribution of the sample data.

Sample Size

The number of observations or data points collected in a sample from the larger population for the purpose of statistical analysis.