According to Adam Smith, what is the success of decentralized market economies primarily due to?
A) the basic benevolence of society
B) society's justice (legal) system
C) individuals' self-interest
D) basic human survival instincts
Correct Answer:
Verified
Q101: How does the invisible hand primarily work
Q102: Which observation was made famous by Adam
Q103: What is one component necessary for markets
Q104: Who coined the term "invisible hand"?
A) Adam
Q105: What can hinder the invisible hand's ability
Q107: In a market economy, what do prices
Q108: To what extent does the invisible hand
Q109: How do prices direct economic activity in
Q110: How does the government enforce property rights?
A)
Q111: What is a primary function of prices
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