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Which of the Following Statements Reflects Adam Smith's Important Insight

Question 150

Multiple Choice

Which of the following statements reflects Adam Smith's important insight into marketplace behavior?


A) Society benefits when people and firms pursue their own self-interests.
B) Markets are usually an inefficient way of organizing economic activity.
C) Greedy, self-interested behavior needs to be constrained to ensure strong economic growth.
D) Trade restrictions on imported goods increase domestic employment.

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