Adam Smith's "Invisible Hand" Explains

question 118

Multiple Choice

Adam Smith's "invisible hand" explains

• A)why people act in their own best interests
• B)why the government intervenes to overcome failures in private markets.
• C)how people,acting out of self-interest,unintentionally promote the general good
• D)how comparative advantage and specialization promote international trade
• E)how the creation of goods and services (supply)generates its own demand by creating employment and income

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Definitions:

Health Literacy

The ability to obtain, read, understand, and use healthcare information to make appropriate health decisions and follow instructions for treatment.

Health Literacy

The degree to which individuals have the capacity to obtain, process, and understand basic health information and services needed to make appropriate health decisions.

Infectious Diseases

Illnesses caused by pathogenic microorganisms, such as bacteria, viruses, parasites, or fungi, that can spread, directly or indirectly, from one person to another.

Chronic Illnesses

Long-term health conditions that may not have a cure and can be managed but not always eliminated, affecting a person's lifestyle and quality of life.