Adam Smith's Concept of the Invisible Hand Refers To

question 42

Multiple Choice

Adam Smith's concept of the invisible hand refers to:

• A) government controls.
• B) import and export costs.
• C) the rise and fall of prices that guide individual actions in a market.
• D) the combined impact of foreign trade and aid on a national economy.

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Definitions:

Controlled

Managed or regulated to achieve certain standards.

Datum Target Line

A reference line marked on a drawing, indicating points or areas on a part that should be used as reference points during manufacturing or measurement.

Primary Datum

The main reference point or plane used in dimensioning and tolerancing from which other measurements are based.

Secondary

Pertaining to an item or process that comes after the primary or main stage, often providing support or additional functionality.