Adam Smith Demonstrated with His Pin Factory Example That

question 9

Multiple Choice

Adam Smith demonstrated with his pin factory example that:

• A) capitalism constantly destroys old technologies in favor of new ones.
• B) factory production cannot create products as desirable as craft production.
• C) factory production leads to social problems,including alienation and poverty.
• D) by dividing labor,factory production increases output by making it more efficient.

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Definitions:

Positive Self-talk

Involves the practice of making affirmative or constructive statements to oneself, often as a way to boost confidence, reduce stress, and foster a positive mindset.

Self-reinforcement

Occurs when an individual rewards themselves for completing tasks or achieving goals, reinforcing their own behavior.

Job Specialization

The process of focusing one's work roles and tasks within a narrow area in order to develop expertise and efficiency.

Self-monitoring

Refers to an individual's awareness and control over their expressions and interactions in various social contexts to align with expected norms.