Why Is the Image of the "Invisible Hand" in Adam

question 8

Multiple Choice

Why is the image of the "invisible hand" in Adam Smith's analysis of capitalism said to be misleading?

• A)For markets to function properly,rules must be enforced by the state when violated.
• B)For markets to function properly,entrepreneurs must be admitted by lottery drawing.
• C)For markets to function properly,competition must be enforced by supply and demand,not rules.
• D)For markets to function properly there must be few if any rules.

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Definitions:

West African Slavery

Refers to the historical practice of slave trade and ownership in West Africa, both within African societies and through the transatlantic slave trade to the Americas.

Muslim World

A term generally used to describe regions of the world where Islam is the predominant religion, encompassing a diverse range of cultures, languages, and nations.

Permanent Status

A condition or situation that is intended to last indefinitely without change.

Property Ownership

The legal right or title to possess property, including tangible assets like land or buildings.