Multiple Choice
According to Adam Smith
A) government intervention in markets is not desirable because an invisible hand leads decisions made in pursuit of self-interest to unintentionally promote the social interest.
B) in a market transaction buyers can either get what they want for less than they would be willing to pay or sellers can make a profit,but both buyers and sellers can't gain simultaneously.
C) politicians are well-equipped to regulate corporations and intervene in markets to improve market outcomes.
D) when big corporations pursue their self-interest of maximum profit,they will inevitably conflict with social interest.
E) the self-interest and the social interest never conflict.
Correct Answer:

Verified
Correct Answer:
Verified
Q168: Use the table below to answer the
Q169: Economists test economic models by using<br>A)the what,how,and
Q170: When Al makes the statement,"The cost of
Q171: Complete the following sentence.Entrepreneurship is<br>A)defined as money.<br>B)traded
Q172: The equation of a line is y
Q174: Use the figure below to answer the
Q175: Which of the following is a microeconomic
Q176: A tractor is an example of which
Q177: To graph a relationship among three variables
Q178: During the next hour John can choose