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:

Polyploid

An organism or cell having more than two complete sets of chromosomes, often resulting in greater complexity or size.

Flowering Plant Species

Species of plants that produce flowers as their reproductive structures, classified within the group Angiosperms.

Autosomal Dominant

Autosomal dominant refers to a pattern of inheritance in which an allele on a non-sex chromosome leads to a trait or disorder being expressed even if only one copy is present.

Family Generation

A term referring to a stage or level in a family lineage, often signifying the division between parents, their children, and their children's children, etc.