"He [The Producer] Intends Only His Gain, and He Is

question 303

Multiple Choice

"He [the producer] intends only his gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention." What is the "invisible hand" referred to in this statement?

• A) the elasticity of the market demand curve
• B) the power of government when decisions are made democratically
• C) the guidelines and regulations set for his industry by the government
• D) the incentive structure accompanying market prices

---

Definitions:

Appendices

Additional sections of a document that provide supplementary information.

Marketing Plan

An extensive plan or framework detailing a corporation's promotional and marketing strategies for the upcoming year.

Black And White

A term often used to describe a situation or view that is clear-cut, with no gray area or ambiguity.

Caption

A caption is a brief explanation or description accompanying an illustration, photo, or diagram, often providing context or additional information.