In the Wealth of Nations, Adam Smith Argues That

question 126

Multiple Choice

In the Wealth of Nations, Adam Smith argues that:

• A)self-interest leads to the efficient allocation of resources.
• B)benevolence leads to the efficient allocation of resources.
• C)profits are maximized where marginal revenue equals net marginal benefits.
• D)none of the statements associated with this question are correct.

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Definitions:

Identity Politics

Political positions based on the interests and perspectives of social groups with which people identify, such as race, gender, sexuality, or religion.

Political Action

Activities or movements organized by individuals or groups to influence or enact changes in government policy or public opinion.

Political Correctness

The avoidance of expressions or actions that can exclude, marginalize, or insult groups of people traditionally discriminated against.

Marginalized Groups

Populations or communities that are excluded, disadvantaged, or relegated to the fringe of society based on a variety of factors like race, gender, economic status, or sexuality.