The "Invisible Hand" Refers to

question 50

Multiple Choice

The "invisible hand" refers to

• A)the marketplace guiding the self-interests of market participants into promoting general economic well-being.
• B)the fact that social planners sometimes have to intervene,even in perfectly competitive markets,to make those markets more efficient.
• C)the equality that results from market forces allocating the goods produced in the market.
• D)the automatic maximization of consumer surplus in free markets.

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Definitions:

Person-centered Counseling

A counseling approach that emphasizes the client's own ability to facilitate change through a relationship with a non-judgmental, genuine, and empathetic therapist.

Modernism

A broad movement in Western arts and literature, emerging in the late 19th and early 20th centuries, characterized by a deliberate departure from tradition and an embrace of innovation and experimentation.

Hierarchical

Organized in a way that ranks people or things above one another in a system or structure that involves authority or rank, often in layers or levels.

Truth

The facts or reality as they actually exist, often a key focus in therapeutic settings to help clients understand and accept their situations or behaviors.