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The Concept of the "Invisible Hand" Means

Question 13

Multiple Choice

The concept of the "invisible hand" means


A) each person's private pursuit of wealth will result in the most beneficial overall organization and distribution of economic resources.
B) although it can't be seen, the hand of government controls the economy and exerts a beneficial pressure that promotes economic welfare.
C) feudalism inevitably gives rise to capitalism.
D) externalities must be internalized.

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