According to the Invisible Hand Concept, the Best Way for a Society

question 12

Multiple Choice

According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the products most wanted by consumers would be to

• A) permit government-owned industries, such as telecommunications, transportation, and energy, and operate these firms as nonprofit organizations.
• B) allow private ownership of businesses, but use extensive regulations to force businesses to behave as the government wishes.
• C) allow entrepreneurs personal freedom to follow their own self-interest.
• D) impose high taxes on individuals, and use the revenue to subsidize businesses to encourage them to produce the maximum rate of output.

---

Definitions:

Bacteria

Microscopic single-celled organisms that can be found in a variety of environments, some of which can cause diseases.

Onychomycosis

A fungal infection of the nail that causes discoloration, thickening, and separation from the nail bed.

Inflammation

The body's immune response to infection or injury, characterized by redness, heat, swelling, and pain.

Ecchymosis

A discoloration of the skin resulting from bleeding underneath, typically caused by bruising.