The "Invisible Hand" Refers to

question 50

Multiple Choice

The "invisible hand" refers to

• A)the marketplace guiding the self-interests of market participants into promoting general economic well-being.
• B)the fact that social planners sometimes have to intervene,even in perfectly competitive markets,to make those markets more efficient.
• C)the equality that results from market forces allocating the goods produced in the market.
• D)the automatic maximization of consumer surplus in free markets.

Distinguish between strategic, analytic, and transactional HR operations in the context of information technology applications.

Analyze the impact of web-based HR processes, such as online recruiting and e-learning.

Comprehend the significance and usage of workforce analytics and big data in HR decision-making.

Understand the legal and privacy considerations in utilizing technology for HR purposes.

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Definitions:

Intelligence Test Scores

Quantitative measures assessing a person's cognitive abilities in comparison to a population.

Genetic Differences

Variations in the genes among individuals within a population, contributing to unique physical or behavioral traits.

Environmental Differences

Variations in external surroundings that can influence the growth, development, and behavior of organisms.

Test Scores

Quantitative measurements representing an individual's performance on standardized tests or assessments.