The Invisible Hand Concept Suggests That

question 147

Multiple Choice

The invisible hand concept suggests that

• A)market failures imply the need for a national economic plan.
• B)big businesses are inherently more efficient than small businesses.
• C)the competitiveness of a capitalistic market economy invariably diminishes over time.
• D)assuming competition, private and public interests will coincide.

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Definitions:

Charleston

A historic city in South Carolina, known for its well-preserved architecture, rich history, and as a major site during the Civil War.

Secure British Base

A fortified location established by Britain for military, strategic, or trading advantage, often in colonial or contested territories.

Patriot Forces

Military units fighting for independence or a cause, often used in the context of the American Revolutionary War.

Iroquois Bands

Subdivisions or groups within the Iroquois Confederacy, a historically powerful and influential alliance of indigenous tribes in North America.