Which of the Following Best Describes the Invisible-Hand Concept

question 134

Multiple Choice

Which of the following best describes the invisible-hand concept?

• A)The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest.
• B)The inability to substitute resources creates a conflict between private and public interests and calls for government intervention.
• C)The market system is the best system for overcoming the scarce resources-unlimited wants problem.
• D)Central direction by the government will improve resource allocation in a capitalistic economy.

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Definitions:

Sympathetic...Parasympathetic

Components of the autonomic nervous system, with the sympathetic division preparing the body for stress or emergency situations, while the parasympathetic division promotes relaxation and recovery.

Primary Somatosensory Cortex

The region of the brain responsible for processing tactile information from the body, located in the parietal lobes.

Sensory Systems

The components of the nervous system responsible for detecting and interpreting sensory inputs from the surroundings.

Cerebral Cortex

The outermost layer of the brain, involved in high-level functions such as thought, language, memory, and consciousness.