Adam Smith believed that if people were free to pursue their own-09143
Adam Smith believed that if people were free to pursue their own interests, then
This multiple choice question (MCQ) is related to the book/course
vu eco402 Microeconomics.
It can also be found in
vu eco402 Final Term - Quiz No.6.
Adam Smith believed that if people were free to pursue their own interests, then
greed and cheating would prevail in the market.?
less would be produced than if altruism were our guiding principle.
they would generally be encouraged to produce goods and services that others valued highly (relative to their costs).
the public interest would be best served, but the interests of employers would be hurt.
