A. A. Which of the following best describes the 'invisible hand' concept? A basic premise of Adam Smith's invisible hand argument is. Which of the following best describes the history behind the current concept of dynamics? Try our expert-verified textbook solutions with step-by-step explanations. Which of the following best describes the concept of nullification - 5308121 1. Enabling the vision of an integrated information infrastructure. 81. Getting information to the right people at the right time in a secure, reliable and timely manner. The Invisible Hand is a metaphor describing the unintended greater social benefits and public good brought about by individuals acting in their own self interests. Which of the following best describes the "invisible hand" concept? Learning Objective: 02-04 Discuss how the market system adjusts to change and promotes progress. Which of the following best describes the Earned Value Management (EVM Concept of internal planning? Which marketing concept is best? Which of the following best describes the concept of Boundaryless Information Flow? The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest. [Answer] Which best describes the "invisible hand" concept? The nonsubstitutability of resources creates a conflict between private and public interests and calls for government intervention. A. B. Add your answer and earn points. B. Alice's Apple Cart regularly asks its customers what kind of apples they want to buy. Lolineedtopasslol 09/18/2017 Social Studies College +5 pts. The second hand of a clock is 4 inches long. B) The nonsubstitutability of resources creates a conflict between private and public interests and calls for government intervention. The invisible hand is a metaphor for the unseen forces that move the free market economy. B. The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest. 76. Are We Wrong To Think We're Right? A. Find answers and explanations to over 1.2 million textbook exercises. Which of the following best describes the concept of limited government? The major virtues of the market system include all of the following, except: 80. Question: Which Of The Following Statements Best Describes The Concept Shown In The Figure? Describe the height of the tip of the second hand from the bottom of a clock. The use of the factory system to improve the production process B. Please help me with this it's about the invisible hand here's the question. Expert Answer . B) The nonsubstitutability of resources creates a conflict between private and public interests and calls for government intervention. let people pursue thier own self-interest. 76. Which of the following best describes the invisible-hand concept? 1) The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest. infographics! ), the Greek philosopher and scientist, advanced the still-accepted concept that objects in motion naturally come to rest unless a constant force acts upon them. A) The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest. Multiple Choice Ample regulation of business by the government will maximize the public's best interests. Which of the following best describes the "invisible hand" concept? Which of the following best describes the invisible-hand concept? Log in. Ample regulation of business by the government will maximize the public's best interests, The market system works best when resources are free to move from one use to another, The problem of scarcity can best be overcome in a system of mixed capitalism, Self-interest in a market system will automatically promote the public interest as well. Show transcribed image text. B) The right of an employee's spouse to be included in the employee's qualified plan benefits. Log in. Which of the following best describes the invisible hand concept A Ample, 57 out of 63 people found this document helpful. bring buyers and sellers together. A. Which of the following best describes the invisible-hand concept? 77. The "invisible hand" concept used to describe the guiding function of prices was, Chapter 02 - The Market System and the Circular Flow. markets. Invisible hand definition is - a hypothetical economic force that in a freely competitive market works for the benefit of all. Preconditions . A. Answer:- Option d). Ask your question. The invisible hand describes the unintended social benefits of an individual's self-interested actions, a concept that was first introduced by Adam Smith in The Theory of Moral Sentiments, written in 1759, invoking it in reference to income distribution. A) The age at which an employee must begin to withdraw from retirement plans. Comment any other details to improve the description, we will update answer while you visit us next time...Kindly check our comments section, Sometimes our tool may wrong but not our users. a) Aristotle (384-322 B.C. Choose Which one best describes the invisible-hand concept? A. "Capitalism … Course Hero is not sponsored or endorsed by any college or university. The Invisible Hand is a metaphor describing the uninte... Our tool is still learning and trying its best to find the correct answer to your question. Which of the following scenarios BEST describes the societal marketing concept? Then Give Right Answer Below As Comment, For any kind of website collaboration, reach us our at vivaquestionsbuzz[at]gmail[dot]com. pursuit of private gain will bring the best overall results. Allowing people decide for themselves the governemnt throught the process of casting a vote C. The search for necessary raw materials to fuel the economic growth for a developing industrialized nation D. The belief that a people, defined by religious, cultural, language, and racial/ethnic similarity, are better than other groups St. Scholastica's College Manila • ECON 152, Test Bank for Microeconomics 19th Edition McConnell, New Jersey Institute Of Technology • ECE 644. Which of the following best describes the "invisible hand" concept? A) Replanning the remining baseline to an over target baseling (OTB). Which of the following BEST describes the concept of “”defense in depth””? D. Enabling the flow of information to all stakeholders. 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