Adam Smith's Philosophy Was That the Pursuit of One's Own

question 67

Multiple Choice

Adam Smith's philosophy was that the pursuit of one's own interest led by the invisible hand of a free marketplace leads to promoting the interests of society.Which of the following does not help the invisible hand mechanism work efficiently?

• A)Prohibitions against theft and fraud.
• B)Principles of honesty and integrity.
• C)Strong property rights.
• D)Rights of compensation.

---

Definitions:

Inferring

The process of drawing conclusions from evidence and reasoning rather than from explicit statements.

Modifying

The process of making changes or alterations, typically to improve functionality or performance.

General Principles

Fundamental concepts, rules, or ideas that form the basis of a theory or system.

Scientific Process

A systematic method of investigation, experimentation, and analysis to answer questions and increase knowledge.