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:

Aggressive Behavior

Actions intended to harm or intimidate others, often stemming from frustration, anger, or attempts to assert dominance.

Hostile Behavior

Actions or attitudes that are aggressive, unfriendly, or antagonistic towards others.

Blasting Intense Noise

The act of emitting extremely loud and potentially damaging sound, often used as a form of crowd control or psychological manipulation.

Mere Exposure Effect

The psychological phenomenon by which people tend to develop a preference for things merely because they are familiar with them.