The Invisible Hand Refers to the Coordination That Occurs From

question 73

Multiple Choice

The invisible hand refers to the coordination that occurs from:

• A) everyone working in his or her own self-interest.
• B) a government agency finding efficiencies.
• C) everyone working for the overall good of society.
• D) a government coordinating economic activity.

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Definitions:

Negligent Misstatement

Providing false information carelessly or without reasonable grounds, causing someone else to suffer damage or loss.

Legal Liability

The legal responsibility to compensate for harm caused to another person or property, arising out of one's actions or failures to act.

Negligent Conduct

Behavior that falls below the standard of care expected to protect others from unreasonable risk of harm.

Illegal Contract

A contract that is not enforceable because it involves activities that are against the law.