Adam Smith's ________ Refers to the Process by Which Individuals

question 205

Multiple Choice

Adam Smith's ________ refers to the process by which individuals acting in their own self-interest bring about a market outcome that benefits society as a whole.

• A)Utopian society
• B)comparative advantage model
• C)invisible hand
• D)survival of the fittest theory

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Definitions:

Defensible Space Theory

A concept in urban planning that proposes architectural and environmental design can help prevent crime by creating spaces that are easily monitored by residents.

Physical Design

The aspect of design that deals with the tangible elements of a product or structure, focusing on aesthetics, functionality, and usability.

Crime Occurrence

Refers to the incidence or rate at which criminal acts happen in a specified area or population.

External Reality

The objective world or environment that exists independently of an individual's perceptions or beliefs.