Which of the Following Best Describes the Invisible-Hand Concept

question 22

Multiple Choice

Which of the following best describes the invisible-hand concept?

• A) The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest.
• B) The nonsubstitutability of resources creates a conflict between private and public interests and calls for government intervention.
• C) The market system is the best system for overcoming the scarce resources-unlimited wants problem.
• D) Central direction by the government will improve resource allocation in a capitalistic economy.

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Definitions:

Person-centered Therapy

A psychotherapeutic approach that emphasizes the importance of the therapist's empathetic understanding, unconditional positive regard, and genuineness in facilitating a client's self-understanding and growth.

Unconditional Positive Regard

An attitude of acceptance and respect on the part of an observer, no matter what a person says or does, originally described by psychologist Carl Rogers.

Humanistic Therapy

A therapeutic approach that emphasizes individual potential for growth and focuses on the client's self-exploration, self-expression, and self-actualization.

Empty-chair Technique

A psychotherapy method where clients express their thoughts and feelings as if they are talking to a specific person or part of themselves, represented by an empty chair.