Adam Smith coined the term "invisible hand" to mean:
A) a physical hand that leads individuals to promote social interest by pursuing self-interest.
B) a metaphorical hand that leads individuals to promote social interest by pursuing self-interest.
C) a physical hand that leads individuals to promote self-interest by pursuing social interest.
D) a metaphorical hand that leads individuals to promote self-interest by pursuing social interest.
Correct Answer:
Verified
Q8: Which financing method for transporting prisoners from
Q9: Economists think that people are self-interested:
A) only
Q10: If there was no _, the "invisible
Q11: Every day people rely on the work
Q12: In his book The Wealth of Nations,
Q14: Recall Chapter 1's opening story about the
Q15: The main incentive for business activity is:
A)
Q16: In the 1800s, the federal government paid
Q17: Recall Chapter 1's opening story about the
Q18: What is the "invisible hand"?
A) The idea
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