Adam Smith Used the Metaphor of the "Invisible Hand" to Explain

question 105

Multiple Choice

Adam Smith used the metaphor of the "invisible hand" to explain how

• A) markets mismatch buyers and sellers.
• B) business owners are benevolent.
• C) people acting on their own self-interest promote the interest of society as a whole.
• D) the production possibilities frontier illustrates efficient outcomes.

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Definitions:

Transsexual

A term describing a person whose gender identity differs from the sex they were assigned at birth, often pursuing medical assistance to transition.

Transvestites

Individuals who wear clothes traditionally associated with the opposite gender, often for personal, entertainment, or expressive reasons, without necessarily identifying as transgender.

Intersexed

An alternative term for individuals with ambiguous genitalia, emphasizing the natural diversity in human sex characteristics.

Binary Categorization

The classification of objects, concepts, or people into two distinct groups or categories.