Adam Smith Wrote Two Very Important Books

question 29

Multiple Choice

Adam Smith wrote two very important books. The Wealth of Nations describes how markets work when people exercise self-interest. The other claims that humans

• A)constantly miscalculate and make bad decisions.
• B)have a moral sense which gives them an interest in the wellbeing of others.
• C)have not relied enough on the visible hand of government to control markets.
• D)who reject religion will be unsuccessful in markets.

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Definitions:

Mathematical Average

Another term for mean, which is calculated by adding up all the numbers in a set of data and dividing by the count of numbers.

Mode

The datum that is most recurrent in a given data set.

Set Of Data

A collection of related information or numerical values that are analyzed or used in statistics and research.

Mode

The most frequently occurring value within a data set.