_____ Is a Term Used by Adam Smith to Explain

question 8

Multiple Choice

_____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the "invisible hand."

• A)Consumerism
• B)Cultural relativism
• C)Social democracy
• D)Laissez-fair
• E)Bimodal wealth distribution

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Definitions:

Benefits Plans

Programs offered by employers that provide various compensations to employees beyond wages, such as health insurance and retirement savings.

Department Manager

A position that oversees the operations and employees of a specific department within an organization, ensuring goals and objectives are met.

Organization's Benefits

The various perks and advantages offered by an organization to its members or employees, including health insurance, retirement plans, and paid leave.

Health Insurance

A form of insurance coverage that pays for an individual's or group's medical and surgical expenses or reimburses losses from illness or injury.