Adam Smith Believed That

question 104

Multiple Choice

Adam Smith believed that

• A)people should never buy anything if they can make it themselves.
• B)what makes sense in the conduct of a private family's economic endeavors also makes sense in those of a nation.
• C)trading with other nations promotes full employment.
• D)a nation will gain if its citizens trade among themselves,but it will probably lose if it trades with other nations.

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Definitions:

Charismatic Leadership

A style of leadership characterized by a leader's exceptional personal qualities that inspire loyalty, enthusiasm, and devotion among followers.

World Religions

A categorization of various faith traditions globally, covering major religions such as Christianity, Islam, Hinduism, Buddhism, and Judaism, among others.

Egalitarian Messages

Egalitarian messages convey ideals of equality and nondiscrimination, emphasizing equal rights and opportunities for all individuals, regardless of their background or status.

Protestantism

A division of Christianity originating in the Reformation in the 16th century, characterized by the rejection of Papal authority and an emphasis on the Bible as the sole source of revealed truth.