Most Adults Are at the Second Stage of Moral Development

question 139

True/False

Most adults are at the second stage of moral development: following rules only when doing so is in their best interest.

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Definitions:

Invisible Hand

A metaphor for the self-regulating nature of the marketplace that guides individuals to unintentionally benefit society through the pursuit of their own interests.

Adam Smith

An 18th-century Scottish economist and philosopher best known for his theories on free market economies and the invisible hand concept.

The Wealth of Nations

A seminal book by Adam Smith, regarded as the foundation of modern economic theory, which analyzes the nature and causes of the wealth of nations.

Trade

Trade is the action of buying, selling, or exchanging goods and services between people, companies, or countries.