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Adam Smith,the Father of Liberal Economics,determined That Groups of Individuals

Question 39

Multiple Choice

Adam Smith,the father of liberal economics,determined that groups of individuals pursuing their own self-interest manage to stay intact and not fall into the chaos of civil strife because:


A) individuals are focused on their own issues and do not realize the chaos around them.
B) individual self-interest in an environment of others acting similarly will lead to a situation of competition.
C) individuals will strive to make their contribution stand out.
D) individuals compete with people they know but feel strangers are no threat in the business world.

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