Which of the Following Choices Best Illustrates the Concept of Adam

question 97

Multiple Choice

Which of the following choices best illustrates the concept of Adam Smith's ―invisible hand‖?

• A) A Vietnamese farmer grows rice; an exporter ships it to the United States, and a grocer in New York sells it to a customer.
• B) A fishery's stock of fish becomes depleted due to overfishing as boats from around the world converge.
• C) A government regulates a firm to clean up the pollutants it has released as part of its production process.
• D) An apartment building is built, which provides much needed housing, on the site of the only playground for children in that town.

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Definitions:

GPS

A global positioning system that uses satellites to provide location and time information in all weather conditions, anywhere on or near the Earth.

Smartphone

Phone with features of a computer including a wide assortment of apps, media players, high-quality cameras, and web connectivity.

Uber

A platform and service that connects passengers with drivers for hire via a mobile app, often considered a pioneer in the ride-sharing industry.

Debit Card

A payment card that deducts money directly from a consumer’s checking account to pay for a purchase.