Which of the Following Best Describes the "Invisible Hand" Concept

question 11

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 non substitutability of resources gives rise to a conflict between private and public interests and the need for government intervention.
• C)Mixed capitalism 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:

Rotter

A psychologist best known for developing the locus of control concept, which addresses individuals' beliefs about the control they have over outcomes in their lives.

Locus Of Control

A psychological concept referring to the extent to which individuals believe they have power over events in their lives, as opposed to external forces beyond their control.

Violent Video Games

Digital games characterized by scenarios that encourage or involve virtual acts of aggression and violence.

Increased Aggressiveness

A rise in behavior intended to harm or assert dominance over another, often as a response to frustration or threat.