Multiple Choice
Which of the following most accurately describes the invisible hand concept?
A) Wise central planning by government is necessary for the efficient use of resources.
B) In a democratic setting, majority rule will result in the efficient use of resources.
C) In a market setting, when individuals pursue their own interests, they simultaneously tend to promote the public interest.
D) In a market setting, when individuals pursue their own interests, they tend to engage in activities that lower the overall economic welfare of society.
Correct Answer:

Verified
Correct Answer:
Verified
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