Question

if morality represents the way we would like the world to work and economics represents how it actually does work, then the story of feldman’s bagel business lies at the very intersection of morality and economics. yes, a lot of people steal from him, but the vast majority, even though no one is watching over them, do not. this outcome may surprise some people — including feldman’s economist friends, who counseled him twenty years ago that his honor - system scheme would never work. but it would not have surprised adam smith. in fact, the theme of smith’s first book, the theory of moral
what final conclusion do the authors arrive at through the bagel example?
○ the majority of people are corrupt.
○ the majority of people are honest.
○ adam smith was wrong.
○ feldman’s economist friends were right.
done

Explanation:

The text states that while some people steal (a small number), the "vast majority, even though no one is watching over them, do not" steal from Feldman's bagel business. This indicates that the majority act honestly. Also, it mentions that Adam Smith would not be surprised (so no indication he was wrong), and Feldman's economist friends thought the honor - system scheme wouldn't work (but it did, so they were wrong). The text does not support the idea that the majority are corrupt.

Answer:

The majority of people are honest.