According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the products mo wanted by consumers would be to Multiple Choice impose high taxes on individuals, and use the revenue to subsidize businesses to encourage them to produce the maximum rate of output. permit government-owned industries, such as telecommunications, transportation, and energy, and operate these firms as nonprofit organizations. allow entrepreneurs personal freedom to follow their own self-interest. allow private ownership of businesses, but use extensive regulations to force businesses to behave as the government wishes. O

According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the products mo wanted by consumers would be to Multiple Choice impose high taxes on individuals, and use the revenue to subsidize businesses to encourage them to produce the maximum rate of output. permit government-owned industries, such as telecommunications, transportation, and energy, and operate these firms as nonprofit organizations. allow entrepreneurs personal freedom to follow their own self-interest. allow private ownership of businesses, but use extensive regulations to force businesses to behave as the government wishes. O

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 2PA

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