"He [The Producer] Intends Only His Gain, and He Is

question 303

Multiple Choice

"He [the producer] intends only his gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention." What is the "invisible hand" referred to in this statement?

• A) the elasticity of the market demand curve
• B) the power of government when decisions are made democratically
• C) the guidelines and regulations set for his industry by the government
• D) the incentive structure accompanying market prices

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Definitions:

Biomedical

Pertaining to the application of biological and medical science to understand health, disease, and healthcare.

Sociological

Pertaining to the study of the development, structure, and functioning of human society, as well as social problems and behaviors.

Physiological

Physiological pertains to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Emotion-focused Coping

A strategy for managing stress by addressing and controlling one’s emotional response to stressors rather than the stressors themselves.