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6 Oct 2020
According to Adam Smith, the “invisible hand” refers to which of the following?
a. The "best interests of society" (public interest) will occur as an outcome of the market process coordinating the self-interested interactions of buyers and sellers (private interest).
b. Government interference in the market to prevent greed.
c. Bribes and graft that interfere with the market process.
d. The "best interests of society" (public interest) will occur as an outcome of careful guidance by government authorities in allocating scarce goods and services according to private interest.
According to Adam Smith, the “invisible hand” refers to which of the following?
a. The "best interests of society" (public interest) will occur as an outcome of the market process coordinating the self-interested interactions of buyers and sellers (private interest).
b. Government interference in the market to prevent greed.
c. Bribes and graft that interfere with the market process.
d. The "best interests of society" (public interest) will occur as an outcome of careful guidance by government authorities in allocating scarce goods and services according to private interest.
Raushan RajLv8
9 Dec 2020
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