The "Invisible Hand" Refers to

question 50

Multiple Choice

The "invisible hand" refers to

• A)the marketplace guiding the self-interests of market participants into promoting general economic well-being.
• B)the fact that social planners sometimes have to intervene,even in perfectly competitive markets,to make those markets more efficient.
• C)the equality that results from market forces allocating the goods produced in the market.
• D)the automatic maximization of consumer surplus in free markets.

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Definitions:

Generative

Capable of producing or creating something, often used in reference to the power of language, creativity, or the ability to generate life.

Caregiving

The act of providing support and assistance to individuals who are unable to fully care for themselves, due to age, illness, or disability.

Intrinsic Rewards

Motivational factors that come from within an individual, such as personal satisfaction or joy from accomplishing a task.

Absenteeism

The habit of being absent from work or other duties without a good reason, leading to decreased productivity and potential disciplinary action.