menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 3: The Fundamental Economic Problem: Scarcity and Choice
  5. Question
    Adam Smith Noted That People Are Adept at Pursuing Their
Solved

Adam Smith Noted That People Are Adept at Pursuing Their

Question 47

Question 47

Multiple Choice

Adam Smith noted that people are adept at pursuing their own self-interests, and that ____ harnesses this self-interest remarkably well.


A) a totalitarian regime
B) a market system
C) a democratic government
D) a closed system

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q42: Economics studies the logic of choices made

Q43: The scarcity of physical resources is far

Q44: In a market economy, the decision regarding

Q45: The production possibilities frontier has a tendency

Q46: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 3-4

Q48: Individuals face scarcity; whole societies do not.

Q49: An optimal decision is one that chooses<br>A)the

Q50: Which of the following characteristics of a

Q51: The division of labor generally refers to

Q52: The definition of efficiency implies that production

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines