Which of the Following Best Describes the "Invisible Hand" Concept

question 11

Multiple Choice

Which of the following best describes the "invisible hand" concept?

• A)The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest.
• B)The non substitutability of resources gives rise to a conflict between private and public interests and the need for government intervention.
• C)Mixed capitalism is the best system for overcoming the scarce resources-unlimited wants problem.
• D)Central direction by the government will improve resource allocation in a capitalistic economy.

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Definitions:

New Momism

A concept referring to the societal expectation that women will find complete fulfillment in childrearing, often at the cost of personal identity and professional achievement.

Child Rearing Duties

Responsibilities involved in raising children and providing care, education, moral guidance, and physical support.

Full-Time Employment

A form of employment where individuals work a minimum number of hours defined by their employer as full-time.

Day Care Centers

Facilities that provide supervision and care of infants and young children during the daytime, allowing their parents or guardians to work or engage in other activities.