Adam Smith's "Invisible Hand" Refers to

question 36

Multiple Choice

Adam Smith's "invisible hand" refers to

• A)the uncontrollable forces of nature that affect the economy.
• B)a successful gothic novel Smith wrote, thereby gaining the income necessary to pursue less lucrative academic speculation.
• C)the control that government exercises over the economy.
• D)the economic force that converts individual pursuit of personal profit into societal good.
• E)the fact that the basic cost of goods will always increase.

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Definitions:

Gift Standards Chart

A guideline or tool used by nonprofit organizations to categorize and manage donations effectively, ensuring that gifts are recorded, acknowledged, and utilized according to donor intentions.

Quiet Phase

A period in fundraising, particularly in capital campaigns, during which an organization seeks major gifts in private before announcing the campaign publicly.

Public Phase

A stage in fundraising campaigns, especially in capital campaigns, where organizations seek wider public contributions after securing initial major gifts.

Personal Contact

Direct interaction between individuals, which can be face-to-face or through various forms of communication, often used to build or maintain relationships.