According to the Invisible Hand Concept, the Best Way for a Society

Multiple Choice

According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the products most wanted by consumers would be to

A) permit government-owned industries, such as telecommunications, transportation, and energy, and operate these firms as nonprofit organizations.
B) allow private ownership of businesses, but use extensive regulations to force businesses to behave as the government wishes.
C) allow entrepreneurs personal freedom to follow their own self-interest.
D) impose high taxes on individuals, and use the revenue to subsidize businesses to encourage them to produce the maximum rate of output.