At the Center of Adam Smith's Arguments in the Wealth

question 34

Multiple Choice

At the center of Adam Smith's arguments in The Wealth of Nations was the belief that

• A)the pursuit of self-interest in competitive markets would improve the living conditions of citizens.
• B)capitalism could only flourish if workers' wages were kept low.
• C)guilds provided a structural stability to the economy that permitted the free market to function effectively.
• D)the government had a responsibility to protect consumers and the general public from price gouging and fraud.

---

Definitions:

Stock Shelves

The process of organizing and replenishing inventory on store shelves to ensure products are available and neatly displayed for customers.

New Skills

Abilities or competencies that are recently acquired or needed to perform tasks effectively.

Self-Manage

The ability to direct one's own activities and work independently, often involving self-discipline and time management skills.

Experiential Programs

Training programs in which participants learn concepts and apply them by simulating behaviors involved and analyzing the activity, connecting it with real-life situations.