The 200-Year-Old Quote from Adam Smith's Early Industrial Pin Factory

question 25

Multiple Choice

The 200-year-old quote from Adam Smith's early industrial pin factory illustrates

• A)the gains to be had from task specialization.
• B)the usefulness of 200-year-old economics textbooks.
• C)how technology has progressed in 200 years.
• D)a and b.

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Definitions:

Victim

An individual or group that suffers harm, injury, or loss as a result of voluntary or involuntary actions or circumstances.

Side Effect

An unintended consequence of an action or decision that might be harmful or beneficial.

Implied Falsity

A form of misinformation that suggests a false narrative or conclusion through implication or omission, without making overtly false statements.

Mislead

To deliberately provide false or misleading information in order to deceive someone or alter their understanding or decision-making.