The concept of the "invisible hand" means
A) each person's private pursuit of wealth will result in the most beneficial overall organization and distribution of economic resources.
B) although it can't be seen, the hand of government controls the economy and exerts a beneficial pressure that promotes economic welfare.
C) feudalism inevitably gives rise to capitalism.
D) externalities must be internalized.
Correct Answer:
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Q1: Which of the following accurately reflects the
Q3: Which statement best describes capitalism?
A) Capitalism is
Q4: An exclusive focus on short-term performance
A) is
Q5: According to one survey of cultural values
A)
Q6: One reason for believing that in practice
Q7: For employees who are paid handsomely for
Q8: Evidence for the idea that American manufacturing
Q9: For the first time since the Industrial
Q10: The profit motive
A) is a fundamental feature
Q11: Capitalism operates on the debatable assumption that
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