Adam Smith Believed That the Individual Pursuit of Self-Interest

question 155

Multiple Choice

Adam Smith believed that the individual pursuit of self-interest:

• A)is impossible in a perfectly competitive market.
• B)should usually be discouraged.
• C)always leads to an efficient outcome.
• D)often promotes the broader interests of society.

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Definitions:

Transformational

Relating to or involving significant change, particularly in a context that inspires or encourages improvement and innovation.

Destructive Leadership

Destructive leadership is a type of negative leadership behavior that can harm or hinder the well-being of an organization or its members.

Followers Behaviors

Actions or reactions exhibited by individuals who are led by others, influenced by various leadership styles and organizational contexts.

Toxic

Harmful or detrimental, often used to describe environments, substances, or behaviors that negatively affect well-being.