Which Is the Most Correct Statement About the Invisible Hand

question 148

Multiple Choice

Which is the most correct statement about the invisible hand?

• A)The invisible hand always ensures both equity and efficiency.
• B)The invisible hand is more effective at ensuring equity than it is at ensuring efficiency.
• C)The invisible hand is more effective at ensuring efficiency than it is at ensuring equity.
• D)Market power is the instrument with which the invisible hand directs economic activity.

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Definitions:

Mental Processes

Mental processes refer to all cognitive and psychological activities that involve the perception, processing, storage, and retrieval of information.

IQ Scores

Quantitative measures of a person's intelligence relative to others, based on standardized tests.

Predicting Behavior

The process of forecasting future actions based on past and present observations or data.

Control

The ability to shape or control the actions of individuals or the direction of events.