--%>

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.

   Related Questions in Public Economics

  • Q : When is an economic system economically

    An economic system is economically efficient when: (w) economic inequity has been removed. (x) any gains to someone through several possible rearrangement of goods or resources would need losses on the part of someone else. (y) more o

  • Q : Problem on equivalent amounts of goods

    Can someone help me in finding out the right answer from the given options. According to the equivalent share criterion of distribution, individuals must: (i) Share income according to personal requirement. (ii) All produce equivalent shares of output. (iii) Each cons

  • Q : Illustration of Economic Reasoning by

    Occam’s razor refers to the idea which while evaluating a theory: (1) good theory describes the phenomenon as simply as possible, but not moreso. (2) complexity is obvious to make sure that correct answers are reached. (3) conformity along with

  • Q : Illustration regarding to market

    When the soybean market begins within equilibrium upon S0D0 and in that case a highly publicized study demonstrates yoghurt to be much more nutritious than the tofu made by soybeans, the market changes to: (w) S0D2. (x) S

  • Q : Relationship between the price level

    David Hume’s observations regarding the relationship between the price level and money supply are termed as: (w) Price Specie-Flow Mechanism. (x) Law of Comparative Advantage. (y) Law of Absolute Advantage. (z) Laissez Faire.

  • Q : Explain about the good economics models

    Good economic models are: (1) intricate models of all aspects of the actual economy. (2) designed to create economics hard. (3) simplifications of the real world. (4) scientific only when expressed mathematically.

  • Q : Define the normative economics in

    Hello guys I want your opinion. Please suggest your answer for following Normative-economics problem. Normative economics: (i) based upon value judgments. (ii) involves statements which are either right or wrong. (

  • Q : Weak assumptions

    Philosopher-mathematician Henri Poincaré asserted, “When a phenomenon admits of a total mechanical explanation this will admit of any infinity of others that will account equally well for all of the peculiarities disclosed through the experiment.” O

  • Q : Describe an illustration of Positive

    Predicting a fall within the national unemployment rate along with a new untested economic model is an illustration of: (1) positive economic analysis. (2) normative economic analysis. (3) a microeconomic prediction. (4) predictability no better than a call to the psy

  • Q : Standard step to make a new economic

    A standard step while making a new economic theory is to: (w) properly blend normative and positive perspectives. (x) physically test this in an economics laboratory. (y) see when this predicts behavior in a consistent way. (z) make sure that this con