Adam Smith's Idea of the "Invisible Hand" Tries to Convey

question 13

Multiple Choice

Adam Smith's idea of the "invisible hand" tries to convey the idea that while there are free markets and people conduct their economic affairs in their own best interests

• A)any country can become an advanced,industrialized nation.
• B)markets will eliminate problems of hunger and dissatisfaction.
• C)most inequalities between the rich and the poor will be eliminated.
• D)the overall economy will work well.

---

Definitions:

Basic Trust

A concept in psychology referring to an individual's sense of confidence that the world is predictable and trustworthy, originating from early childhood experiences.

Penis Envy

A concept in Freudian psychoanalysis referring to a girl's sense of loss and inferiority upon realizing she does not have a penis, leading to feelings of jealousy towards males.

Personal Freedom

The extent to which an individual has the autonomy to make their own choices and decisions.

Dissatisfaction

A feeling of unhappiness or discontentment resulting from unmet expectations or needs.