What Does Adam Smith's "Invisible Hand" Explain

question 58

Multiple Choice

What does Adam Smith's "invisible hand" explain?  

• A) why people act in their own best interests 
• B) why the government intervenes to overcome failures in private markets 
• C) how people, acting out of self-interest, unintentionally promote the general good 
• D) how comparative advantage and specialization promote international trade

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Definitions:

Sexual Advances

Unwanted or inappropriate efforts to establish a sexual relationship, which can lead to discomfort or constitute harassment.

Flextime

A work arrangement that allows employees to customize their working hours within agreed upon limits, aiming to balance personal and professional life.

Daddy Track

A term sometimes used to describe a career path that allows fathers to balance work with active involvement in their family lives, similar to the "mommy track."

Gender Bias

The tendency to favor one gender over another, often resulting in unfair treatment or assumptions about capabilities based on one's gender.