Which Statement Best Summarizes the Invisible Hand Theorem

question 56

Multiple Choice

Which statement best summarizes the invisible hand theorem?

• A) Government policies direct people's selfish desires (tempered by social and economic forces) to the benefit of society.
• B) Cultural norms direct people's selfish desires (tempered by political and economic forces) to the common good.
• C) Markets direct people's selfish desires (tempered by political and social forces) to the common good.
• D) Social, political, and economic forces act against people's selfish desires to promote the common good.

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Definitions:

Emerging Technologies

New and innovative technologies that have the potential to significantly impact existing markets and societal norms.

Globalisation

The method through which companies or various organizations gain international influence or begin functioning globally.

Resource Utilisation

The effective and efficient use of resources, such as time, money, and materials, to achieve defined objectives.

Goal Attainment

The process of setting, pursuing, and achieving objectives, often involving planning, effort, and persistence.