The Idea That Firms and Resource Suppliers in Seeking to Further

question 13

Multiple Choice

The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also simultaneously promotes the public or social interest is a description of:

• A)the guiding function of prices.
• B)capital accumulation.
• C)the "invisible hand."
• D)dollar votes.

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Definitions:

Orange-Colored

Having the color that is a combination of red and yellow.

Negative Terms

Words or phrases that express denial, disagreement, or opposition, often used to describe the absence or opposite of something positive.

Tungsten Filament

A thin wire made of tungsten used as the light-emitting component inside incandescent light bulbs.

Unmarried

The state of not being married or not having entered into a marital union.