Which of the Following Is a Major Implication of the Invisible

question 321

Multiple Choice

Which of the following is a major implication of the invisible hand concept?

• A) When directed by competitive market prices, the actions of self-interested individuals will tend to promote overall economic prosperity.
• B) Prosperity cannot be achieved unless the selfish nature of people can be changed.
• C) Competition is harmful to the health of an economy because it results in wasteful duplication.
• D) Government-operated firms tend to have higher efficiency and lower costs than private sector firms.

Discuss the severity of substance abuse relapse and strategies for relapse prevention.

Understand the relationship between stress, interpersonal conflict, and immune system functioning.

Grasp the goal and focus areas of positive psychology.

Recognize how stress is viewed in the context of major life events versus daily hassles.

---

Definitions:

Quality Circles

Small groups of employees who regularly meet to discuss and propose solutions to workplace issues, aimed at improving performance and working conditions.

Human Relations Model

A management approach emphasizing the importance of interpersonal relationships and employee morale in achieving organizational objectives.

Social Planning Model

A strategic approach to addressing social issues and problems through organized, participatory planning processes.

Radical Social Change

Profound and significant alterations in the structure and dynamics of society, often aiming at a drastic transformation in societal values and norms.