Adam Smith Formulated the "Invisible Hand" and the Free Market

question 70

Multiple Choice

Adam Smith formulated the "invisible hand" and the free market to explain the motivation for individual behavior. The "invisible hand" refers to:

• A) personal ethics in a free market system.
• B) unconscious motives.
• C) internal needs.
• D) unseen forces of a free market system.

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Definitions:

Momentum

The quantity of motion of a moving body, measured as a product of its mass and velocity.

Horsepower

A rating of the amount of work performed by an engine. Originally based on the amount of weight a horse could move in one minute. One HP is equal to about 746 watts.

Wet Sump System

An oil management system used in internal combustion engines where the oil is stored in a sump directly beneath the engine and pumped where needed.

Oil Pump

A crucial component in an engine that circulates engine oil under pressure to the rotating bearings, the sliding pistons, and the camshaft of the engine to lubricate the parts.