Invisible hand of Adam Smith

“Invisible hand” of Adam Smith refers to the combined results of: (w) monopoly plus altruism. (x) democracy and freedom. (y) self-interest plus competition. (z) taxes and government regulation.

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Public Economics

Q : Fee-simple property rights I have a

I have a problem in economics on Fee-simple property rights. Please help me in the following question. Fee-simple property rights are a broad division of: (i) Common law. (ii) Positive externalities. (iii) Negative externalities. (iv) Public property

Q : Uses of a theory in economic analysis

To be helpful in economic analysis, a theory should produce: (w) Realistic assumptions. (x) A consensus in between scientists. (y) Results which is not possible to disprove. (z) Predictions supported through real world data.

Q : Explain about the positive technical

Positive technical statements: (w) need value judgments. (x) should be valid by definition. (y) can be proved and tested or disproved by fact and logic. (z) are the excellent guides in specifying economic policies.

Q : Founder of utilitarianism Jeremy

Jeremy Bentham [from 1748 to 1832] was: (1) the owner of a pet pig he permitted to roam by his mansion. (2) the founder of utilitarianism. (3) appointed to the Board of Trustees of the University of London, and keeps on the Board today. (4) stuffed an

Q : Example of Normative Economic Goals

Please help me to solve the problem of Normative Economic Goals that is given below: Almost everybody in the world would favor a normative economic aim that people all over must have: (i) high standards of living.

Q : Comunity engagement and education

identify the modes employed in the management of comunity ECD programes in your community and explain them in the following lines 1 sole proprietorship and corporation 2 NGO mode 3 donor managed and ommunity owned

Q : Problem regarding costs of buying

Please recommend me your best answer for given problem. While buying a $70 shirt at Banana Republic maintains you from enjoying the pleasure of a $70 meal at a huge restaurant: (i) Opportunity costs are at play. (ii) You are not be

Q : Using knowledge for applying energy to

I want a good answer on the topic of Economic problems. Please give me your suggestion that using knowledge for applying energy to create materials more valuable is termed as: (i) Economic profit, (ii) Innovation, (iii) Servicing, (iv) production and&

Q : Explain about the capital goods Capital

Capital goods are: (w) machines, equipment, buildings, and other enhancements to natural resources. (x) goods which indirectly contribute to human satisfaction. (y) resources which have been changed for use in the production of other goods. (z) All of

Q : Decisions and owns resources The

The Economic systems are categorized mainly according to: (1) Who makes decisions and who owns the resources. (2) Which political parties are in the power. (3) The extent of economic growth. (4) How efficiently resources are employed.

Discover Q & A

Leading Solution Library

Avail More Than 1429554 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1948660
Asked

3,689

Active Tutors

1429554

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment