According to Adam Smith, the Invisible Hand Leads to

question 107

Multiple Choice

According to Adam Smith, the invisible hand leads to

• A)higher income only for the rich.
• B)a socialist society.
• C)market efficiency.
• D)undesirable social outcomes such as a higher crime rate.
• E)more firm profits at the expense of consumers.

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Definitions:

Ethics Competency

The ability to identify ethical issues and make decisions based on ethical principles and values.

Dangerous Toys

Playthings that pose potential risks to children's safety, health, or well-being, due to factors like toxic materials, choking hazards, or unsafe designs.

Ethics

The study of what is right and wrong in human conduct, often guiding individuals and businesses in their decisions.

Right

A moral or legal entitlement to have or do something, emphasizing a fair treatment or ownership of a concept, item, or privilege.