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 : Self-interested behaviour in economics

Several critics of our economic system contend such that self-interested behavior is not intrinsic, although that people are taught to be "selfish" through our society's stress within competition. Such critics argue that when we encouraged cooperation as much as we cu

Q : Entails of a technical approach to

A technical approach to economics entail: (1) positive questions since this cannot resolve normative matters. (2) normative questions since this cannot resolve positive matters. (3) positive and normative questions since this can resolve all matters.

Q : Why every society confronts the problem

Each society confronts the problem of scarcity since: (i) human wants are virtually limitless relative to the resources obtainable. (ii) technology, resources and human potential are limitless. (iii) most people can't have enough money the goods they

Q : Give an example of Production in

By using knowledge and/or technology to apply energy to change materials, thereby making the materials more precious is: (w) production. (x) demand. (y) a total cure for scarcity. (z) economically profitable. Can someone clarify/he

Q : Economic Capital and Per Capita Income

Assume that half of our world’s people, arbitrarily selected, were vaporized by space aliens or teleported to the parallel universe, however no other feature of life on our Earth was influenced. Avoiding any disruptions to families or psychological trauma this c

Q : Human rights trump property rights I

I have a problem in economics on Human rights trump property rights. Please help me in the following question. Loosely translated, the laissez-faire signifies: (i) Control and integrate. (ii) Seize the day. (iii) Human rights trump the property rights

Q : Problem on violating someone rights Can

Can someone help me in finding out the right answer from the given options. Fee simple property rights do not permit private owners to: (1) Deny utilization of their goods to others. (2) Trade such rights with other people. (3) Employ goods in manner

Q : Problem on Capitalism economies I have

I have a problem in economics on Problem on Capitalism economies. Please help me in the following question. Economies primarily based on private resource ownership and decentralized decision making are: (i) Communistic economies. (ii) Fascist economie

Q : Hypothesis included by normative

Please help me to solve the problem of hypothesis in normative statements in normative economics that is given below: Normative statements would consist of the hypothesis which: (v) Abuse of alcohol lowers GPAs. (w

Q : Growth and Development-Production

The production possibilities curve might be shifted outward by: (1) Decreasing unemployment. (2) Reducing the labor force. (3) Limiting the output of capital goods. (4) Raising the amounts or productivity of the resources.

Discover Q & A

Leading Solution Library

Avail More Than 1441989 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1931952
Asked

3,689

Active Tutors

1441989

Questions
Answered

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

Submit Assignment