The goal of all regulation is the creation of perfectly competitive markets.

Adam Smith argued that each person in a competitive market is led to promote the

A) efficient use of society's resources, because each person's intention is to make society better off. B) efficient use of society's resources, even though it is no person's intention to make society better off. C) inefficient use of society's resources, even though each person's intention is to make society better off. D) inefficient use of society's resources, because it is no person's intention to make society better off.

Firms are not allowed to ask certain questions during job interviews, including marital status or how many children you have. Why is this the case?

A) People with children are more productive, thus it is unfair if the firm knows this information. B) Firms might use the answers to these questions as a means of statistical discrimination. C) People with children are less productive, thus the firm has no right to this information. D) Such questions violate the privacy clause of the U.S. Constitution.