Adam Smith's Behavioral Assumption About Humans Was That People

question 237

Multiple Choice

Adam Smith's behavioral assumption about humans was that people

• A)typically act irrationally.
• B)usually act in a rational, self-interested way.
• C)are consistently greedy.
• D)typically act randomly.

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Definitions:

Loading Effect

The impact on a circuit when a measurement device or an additional component is connected, altering the circuit's original behavior.

Impedance

A measurement of the resistance to the flow of alternating current (AC), encompassing both resistance and reactance.

Ohmmeter

An instrument for measuring electrical resistance, which is a fundamental property that quantifies how strongly a material opposes the flow of electric current.

Ammeter

An instrument used to measure the current in a circuit, usually in amperes.