Adam Smith's Notion of the "Invisible Hand" Refers to the Ability

question 50

True/False

Adam Smith's notion of the "invisible hand" refers to the ability of the price mechanism to align the interests of individuals with those of society-by pursuing their own interests self-interested individuals also further the overall good of society.

---

Definitions:

Subordinate Goals

Objectives or goals that require the cooperative efforts of two or more people or groups to achieve, which can help to reduce conflict.

Equal Status Contact

Contact between groups in which the groups have equal status with neither group having power over the other.

"Jigsaw Classrooms"

An educational approach designed to minimize racial conflict among school children by encouraging students to depend on each other to succeed in classroom tasks.

Compliance Technique

Strategies used to persuade or encourage individuals to agree to requests or demands.