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1. the invisible hand of the free market discussed by adam smith refers…

Question

  1. the invisible hand of the free market discussed by adam smith refers to which of the following?

selfishness
public interest
a natural right
unionization

  1. in consideration of reciprocity, which of the following examples is a reasonable limitation on ones rights and freedoms as discussed in the lesson?

a person not being allowed to protest the local abortion clinic and make a point about his or her pro - life views
a person not being allowed to write an angry letter to his or her state government leaders about their position on taxes and government spending
a person not being allowed to build a campfire in the forest simply because there is a high chance of forest fires.
a person not being allowed to hand out flyers that give a negative perspective of a new company coming into the community

Explanation:

Brief Explanations
  1. In Adam Smith's theory, the "invisible hand" refers to the public interest. When individuals pursue their self - interest in the free market (e.g., producers trying to maximize profit by producing goods that consumers want), it leads to an outcome that benefits the public as a whole. Selfishness is the starting point of individual behavior, but the result (due to the "invisible hand") is in the public interest. A natural right is a philosophical concept about inherent rights of individuals (e.g., life, liberty), and unionization is related to workers' collective action, not the "invisible hand" concept.
  2. For the second question, considering reciprocity (the idea that one's rights should not unduly infringe on others' rights or public safety). A person not being allowed to build a campfire in the forest when there is a high risk of forest fires is a reasonable limitation. Building a campfire in such a situation could endanger the lives and property of many (due to the risk of forest fires spreading), so it is a limitation to protect the greater good. Protesting (as long as it is peaceful) is a form of free speech (so not allowing a protest about pro - life views is not a reasonable limitation in a normal context of free speech). Writing an angry letter (as long as it is not threatening) is also a form of free expression. Handing out flyers with a negative perspective (as long as it is not defamatory) is a form of free speech.

Answer:

  1. public interest
  2. a person not being allowed to build a campfire in the forest simply because there is a high chance of forest fires.