In his book, The Wealth of Nations, Adam Smith made the following observation?
A) There is no such thing as a free lunch.
B) People buy more when prices are low than when prices are high.
C) No matter how much people make, they tend to spend more than they make.
D) People tend to pursue their own personal interest and that an invisible hand (the market) guides their self-interest, increasing social welfare and economic well being.
Correct Answer:
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