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

Question 224

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 make use of extensive regulation to force businesses to behave in a socially desirable way.
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.

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