According to the Invisible Hand Principle, Competitive Markets Generally

question 161

Multiple Choice

According to the invisible hand principle, competitive markets generally

• A) bring the self-interest of individuals into harmony with the efficient allocation of resources, even though centralized planning of economic activities is absent.
• B) bring the self-interest of individuals into harmony with the efficient allocation of resources when the behavior of individuals is directed by democratic centralized planning.
• C) require central direction; otherwise, the actions of self-interested individuals will conflict with the general interests of society.
• D) promote the economic welfare of self-interested producers at the expense of unorganized groups such as consumers and taxpayers.

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Definitions:

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including activities undertaken while working, playing, traveling, and engaging in recreational pursuits.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome.

Depression

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, often affecting daily functioning.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, and inhibition of nearly all voluntary muscles.