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Which of the Following Best Describes the Invisible-Hand Concept

Question 134

Multiple Choice

Which of the following best describes the invisible-hand concept?


A) The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest.
B) The inability to substitute resources creates a conflict between private and public interests and calls for government intervention.
C) The market system is the best system for overcoming the scarce resources-unlimited wants problem.
D) Central direction by the government will improve resource allocation in a capitalistic economy.

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