According to Adam Smith's Invisible Hand Doctrine

question 19

Multiple Choice

According to Adam Smith's invisible hand doctrine:

• A) self-interest best serves the interests of society.
• B) laissez faire must be improved by government intervention.
• C) producers should serve the best interests of society.
• D) only laissez faire mercantilism best serves the interests of society.

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Definitions:

Approach

The method or process taken towards dealing with a problem or task.

Avoidance

A behavioral or psychological strategy to disengage or prevent encountering distressing situations, thoughts, or feelings.

Lewin

A psychologist known for his contributions to social, organizational, and applied psychology, including the development of field theory.

Approach/Approach Conflict

A decision-making dilemma involving two desirable options, causing psychological stress.