In a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit of society at large. Adam Smith referred this as:
A) Invisible hand
B) Direct Intervention
C) Collective Spirit
D) Private Spirit
Correct Answer:
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Q13: The most important source of revenue to
Q14: The difference between revenue expenditure and revenue
Q15: The difference between total expenditure and total
Q16: Maximum Social Advantage is achieved,
A)at the point
Q17: Which one of the following economists introduced
Q19: The role of Government would be highest
Q20: Taxes are levied to
A)Provide general benefits to
Q21: Which of the following factors contribute to
Q22: Which of the following are the causes
Q23: Which of the following statement is INCORRECT
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