Which of the Following Most Accurately Describes the Invisible Hand

question 12

Multiple Choice

Which of the following most accurately describes the invisible hand concept?

• A) Wise central planning by government is necessary for the efficient use of resources.
• B) In a democratic setting, majority rule will result in the efficient use of resources.
• C) In a market setting, when individuals pursue their own interests, they simultaneously tend to promote the public interest.
• D) In a market setting, when individuals pursue their own interests, they tend to engage in activities that lower the overall economic welfare of society.

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Definitions:

Arrest Warrant

A document issued by a judge or magistrate that authorizes the arrest and detention of an individual.

Reasonable Suspicion

A standard used in criminal procedure that allows law enforcement to initiate an investigation or make an arrest, based on specific and articulable facts that suggest criminal activity is afoot.

Criminal Fraud

The act of deliberately deceiving another individual or entity with the intention of causing damage, often financial.

Damages

A monetary compensation awarded to an individual for loss or injury as a result of the act or omission of another.