The Idea That the Desires of Resource Suppliers and Producers

question 119

Multiple Choice

The idea that the desires of resource suppliers and producers to further their own self-interest will automatically further the public interest is known as:

• A)consumer sovereignty.
• B)the invisible hand.
• C)derived demand.
• D)profit maximization.

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Definitions:

Blended Learning

The use of multiple training methods to achieve optimal learning on the part of trainees.

Classroom Sessions

Educational or training meetings conducted in a traditional classroom setting, often used for instruction, skill acquisition, or professional development.

Online Sessions

Interactive engagements or meetings conducted over the internet, often involving educational, training, or professional collaboration activities.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, comparing its gains to its cost.