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.

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Big Five Traits

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