According to the Concept of the "Invisible Hand," If Susie

question 70

Multiple Choice

According to the concept of the "invisible hand," if Susie opens and operates a profitable childcare center, then

• A)government should regulate the business to ensure quality.
• B)the profit Susie earns indicates that she is overcharging for her services.
• C)she has served society's interests by providing a desired good or service.
• D)this demonstrates that consumer sovereignty is not present in this market.

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Definitions:

Quarters

One-fourth portions of a whole, commonly used to divide years or financial results.

Pennies

The smallest denomination of currency in many countries, typically worth one-hundredth of the basic unit of currency.

Algebraic Expression

A combination of numbers, variables, and mathematical operators that represents a mathematical relationship or rule.

Annual Sales

The total revenue generated from goods or services sold by a company during a fiscal year.