Which of the Following Most Accurately Describes the Invisible Hand

question 12

Multiple Choice

Which of the following most accurately describes the invisible hand concept?

• A) Wise central planning by government is necessary for the efficient use of resources.
• B) In a democratic setting, majority rule will result in the efficient use of resources.
• C) In a market setting, when individuals pursue their own interests, they simultaneously tend to promote the public interest.
• D) In a market setting, when individuals pursue their own interests, they tend to engage in activities that lower the overall economic welfare of society.

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Definitions:

Friendships

Social relationships between individuals that are characterized by mutual affection, trust, and support.

Women

Adult human females, often discussed in contexts related to gender, societal roles, health issues, or rights.

Marriage

A legally or socially recognized union between two people as partners in a personal relationship, historically established as a means of forming family ties and social contracts.

Online Daters

Individuals who use internet-based services and platforms to find romantic or sexual partners.