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

question 205

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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.


Definitions:

Kuru

A rare and fatal neurological disorder that was endemic among the Fore people of Papua New Guinea, caused by prions.

Learning

The process of acquiring new, or modifying existing, knowledge, behaviors, skills, values, or preferences, often as a result of studying, experience, or teaching.

Memories

Cognitive experiences or information that individuals retain, allowing them to recall past events, knowledge, and feelings.

Methamphetamine

A powerful, highly addictive stimulant that affects the central nervous system, commonly known as meth, blue, ice, and crystal, among other names.

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