The ultimate effect of the “invisible hand” of Adam Smith is that, in a competitive economy, everyone:
A Benefits if each acts in his/her own interest.
B Will increase their profits in a free market.
C Should act to maximize economic growth.
D Should act to promote the public interest.
Answer:B
The ultimate effect of the “invisible hand” of Adam Smith is that, in a competitive economy, everyone:
A Benefits if each acts in his/her own interest. B Will increase their profits in a free market. C Should act to maximize economic growth. D Should act to promote the public interest.