The Invisible Hand Refers to the Coordination That Occurs From

question 73

Multiple Choice

The invisible hand refers to the coordination that occurs from:

• A) everyone working in his or her own self-interest.
• B) a government agency finding efficiencies.
• C) everyone working for the overall good of society.
• D) a government coordinating economic activity.

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Definitions:

Benefit

Benefit refers to the positive outcome, profit, or advantage gained from a decision, action, or policy.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels, such as corporate profits and then again when dividends are distributed to shareholders.

Corporate Level

Corporate level refers to the highest tier of management and operations within a diversified or multi-business company, focusing on issues affecting the company as a whole.

Personal Income

The total annual income received by an individual from all sources before taxes.