Self-interested behavior can lead to positive social results. Adam Smith says that the actions of self-interested individuals produces a property called the "invisible hand" that will _____________. Select the correct answer below: A. only benefit them but not society as a whole B. reduce the overall well-being of both these individuals and society as a whole C. also lead to a promotion of the greater good D. none of the above.
Self-interested behavior can lead to positive social results. Adam Smith says that the actions of self-interested individuals produces a property called the "invisible hand" that will _____________. Select the correct answer below: A. only benefit them but not society as a whole B. reduce the overall well-being of both these individuals and society as a whole C. also lead to a promotion of the greater good D. none of the above.
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 6E
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Self-interested behavior can lead to positive social results. Adam Smith says that the actions of self-interested individuals produces a property called the "invisible hand" that will _____________.
Select the correct answer below:
A. only benefit them but not society as a whole
B. reduce the overall well-being of both these individuals and society as a whole
C. also lead to a promotion of the greater good
D. none of the above.
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