Adam Smith Believed That the Best Way to Promote the Public

question 189

Multiple Choice

Adam Smith believed that the best way to promote the public interest was to

• A)have the government produce most goods and services.
• B)let people pursue their own selfish interests.
• C)wait for individuals to set out to promote the public interest.
• D)get rid of the price mechanism.

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Definitions:

Conditioned Stimulus

A formerly neutral signal that, after consistent association with an unconditioned stimulus, triggers a learned response.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior conditioning.

Conditioned Response

An automatic response established by training to an ordinarily neutral stimulus after association with an unconditioned stimulus.

Unconditioned Response

A natural, automatic reaction to a stimulus that occurs without the need for learning or conditioning.