Which of the Following Is Not an Idea Advocated by Adam

question 86

Multiple Choice

Which of the following is not an idea advocated by Adam Smith?

• A) Businesspersons conspiring to fix prices are a threat to the price system.
• B) Pursuit of private self interest with an invisible hand is the best way to promote the public interest.
• C) Government should control the economy.
• D) The government should provide for national defense and little else.

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Definitions:

Sternberg

Refers to Robert Sternberg, an American psychologist and professor best known for his theory on intelligence and creativity.

Short-Term Memory

A mental system that has a restricted capacity designed for briefly maintaining information for the purpose of processing.

Working Memory

The component of short-term memory tasked with the immediate conscious processing of perception and language.

Short-Term Memory

Memory system that holds small amounts of information in an active, readily available state for a short period of time.