The Idea That Firms and Resource Suppliers,while Seeking to Further

question 60

Multiple Choice

The idea that firms and resource suppliers,while seeking to further their own self-interests in a market economy,also promote the public interest describes:

• A) the guiding function of prices.
• B) capital accumulation.
• C) the "invisible hand."
• D) "dollar votes."

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Definitions:

Indorsement

The act of signing one's name on the back of a cheque or other negotiable instrument to make it payable to someone else.

Without Recourse

A term indicating that the holder of a financial instrument, such as a note or bill, cannot demand payment from the original issuer in case of default by the borrower.

Indorsement

The act of signing one's name on the back of a check or other negotiable instrument, legally transferring ownership or authorizing a transaction.

Liability

The legal responsibility or obligation to compensate someone else for harm or damage caused by one's actions or failure to act.