Which of the Following Scenarios Would Best Exemplify Adam Smith's

question 87

Multiple Choice

Which of the following scenarios would best exemplify Adam Smith's view of best serving the interests of society?

• A) Individuals are selected to fill certain positions within the economy of their nation according to the needs of the nation as a whole.
• B) Markets are carefully regulated to ensure that all individuals within a nation are treated fairly and charged standardized prices.
• C) A country only has a limited amount of space for college students and uses a type of lottery system to determine who gets these spaces.
• D) Government scarcely exists in this country, and transactions are based on a system of barter, or trading goods, for other goods.
• E) Individuals in the country may pursue their own economic gain and self-interest by doing whatever is best for them.

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Definitions:

Abdominal Cavities

Regions within the abdomen that house major organs, divided primarily into the peritoneal cavity, pelvic cavity, and retroperitoneal space.

Red Pulp

Reddish brown substance of the spleen consisting of venous sinuses and the tissues intervening between them, called pulp cords.

White Pulp

A lymphoid tissue in the spleen involved in producing and maturing immune cells, particularly lymphocytes.

Pharynx

The pharynx is a musculomembranous tube that connects the nasal and oral cavities to the esophagus and larynx, serving as a passageway for air and food.