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:

Antisocial Personality

A type of chronic mental disorder where a person's way of thinking, perceiving situations, and relating to others is dysfunctional and destructive.

Psychopaths

Individuals with a personality disorder characterized by persistent antisocial behavior, impaired empathy and remorse, and bold, disinhibited, and egotistical traits.

Sociopaths

Individuals with a personality disorder characterized by persistent antisocial behavior, impaired empathy, and often a lack of remorse.

Conduct Disorder

A mental disorder characterized by a repetitive and persistent pattern of behavior that violates the rights of others or social norms.