Multiple Choice
Which of the following scenarios most accurately describes Adam Smith's view of an economic system that best serves the interests of society?
A) Individuals are selected to fill certain positions within the economy of their nation according to the needs of the nation as a whole.
B) Markets are carefully regulated to ensure that all individuals within a nation are treated fairly and charged standardized prices.
C) Government scarcely exists in this country, and transactions are based on a system of barter, or trading goods for other goods.
D) Individuals in the country may pursue their own economic gain and self-interest by doing whatever is best for them.
Correct Answer:

Verified
Correct Answer:
Verified
Q62: If the GDP has decreased in the
Q63: Which of the following industries would most
Q64: The price of gasoline increases by $1
Q65: The vast majority of businesses in Canada
Q66: Canadian businesses contribute to communities in many
Q68: Perfect competition is characterized by which of
Q69: As the price of pencils decreases, what
Q70: Which of the following best demonstrates how
Q71: Merck, a global pharmaceutical company, donates its
Q72: If you have trouble finding a job