The "Invisible Hand" Concept Suggests That

question 36

Multiple Choice

The "invisible hand" concept suggests that:

• A)changes in product demands are only randomly reflected in changes in the demands for resources.
• B)profit maximization is inconsistent with an efficient allocation of resources.
• C)government action is necessary to correct for market failures.
• D)when firms maximize their profits, society's domestic output will also be maximized.

Recognize the benefits of free writing in the message development process.

Determine precise audience information needs at different planning stages.

Assess the ethical considerations in business communication.

Utilize techniques for gathering information effectively.