Adam Smith's Invisible Hand Principle Stresses

question 16

Multiple Choice

Adam Smith's invisible hand principle stresses

• A) that benevolence is a powerful motivator that encourages individuals to engage in productive economic activity.
• B) the tendency of the competitive market process to direct self-interested individuals into activities that enhance the economic welfare of society.
• C) the potential of government regulation as a means of bringing the self interest of individuals into harmony with the economic welfare of society.
• D) the tendency of self-interested individuals to pursue activities that benefit themselves but harm the overall economic welfare of society.

---

Definitions:

Conditions

Refers to the specific circumstances or requirements attached to something, such as a deal, agreement, or offer.

Hopeless Objections

Customer objections during a sales process that appear insurmountable and often signal a strong resistance to making a purchase.

Negotiation

The process by which the buyer and the seller reach a mutually satisfactory agreement.

Forestall

To prevent, hinder, or obstruct an event, action, or outcome by taking advanced or anticipatory measures.