According to Adam Smith,competition Would Lead to Consumers Receiving the Best

question 102

Multiple Choice

According to Adam Smith,competition would lead to consumers receiving the best possible products and prices because _____.

• A)government interference in economic activity would be maximized
• B)less efficient producers would be driven out of the market
• C)increased supply of raw materials would lead to increased production
• D)natural resources would be utilized more efficiently

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Definitions:

Opponent-Process Theory

The theory that opposing retinal processes (red-green, yellow-blue, white-black) enable color vision. For example, some cells are stimulated by green and inhibited by red; others are stimulated by red and inhibited by green.

Feature Detection

The process by which the brain identifies specific components of visuals, such as lines, edges, or movements, to interpret what is seen.

Prosopagnosia

A neurological disorder characterized by the inability to recognize faces.

Stimuli

Any external or internal event or object that influences reactions or responses from a biological organism or system.