Solved

Each Person Goes About Her Daily Business Seeking to Maximise

Question 124

True/False

Each person goes about her daily business seeking to maximise her own self-interests. In doing so, she contributes to the welfare of society at large. This is the idea underlying Adam Smith's 'invisible hand'.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q14: "An Inquiry into the Nature and Causes

Q50: Suppose there is no unemployment in the

Q120: Table 2.8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.8

Q122: Table 2.8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Table 2.8

Q128: If a country produces only two goods,

Q169: If Tanisha can audit more tax returns

Q171: If a nation changes its laws to

Q172: Is it possible for a firm to

Q346: An example of a factor of production

Q445: On a diagram of a production possibility