--%>
Assignment Help - homework help

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 : Define a common approach to economics A

    A common approach to economics involves studying how: (i) charging interest on loans can be ethical. (ii) resources are allocated to satisfy human wants. (iii) individuals and government should balance their budgets. (iv) to determine the best bargain

    		•
  • 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 : Fundamental fact of scarcity I want a

    I want a good answer on the topic of Economic problems. Please give me your suggestion that the basic fact of scarcity means that every decision includes: (i) Limitless time. (ii) Production costs. (iii) Restricted wants. (iv) Limitless resources (v)

    		•
  • Q : Estimate relative cost When SCUBA

    When SCUBA vacations are $480 and DVDs are $16, in that case what is the relative cost of a SCUBA vacation within terms of a DVD?: (i) 30 disks. (ii) 360 disks. (iii) 180 disks. (iv) 20 disks. (e) 3,600 disks. I ne

    		•
  • Q : Determine when economic efficiency is

    Economic efficiency is most clearly improved while: (i) a new Wal-Mart opens in a rural community. (ii) less-developed countries grow quicker than more developed countries. (iii) taxes are composed in accord along with the principle of progressivity. (iv) India increa

    		•
  • 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 : Relative market prices and ratios of

    Jeremy Bentham would have been least familiar along with the concept such that: (1) criminals must be punished proportionally to the harm completed to society, without consideration of intention, remorse or motive. (2) consumers are in equilibrium whe

    		•
  • Q : Example of Productive Efficiency in

    If six units of capital can be substituted for one unit of labor without changing total steel output, whereas 4 units of capital can be substituted for one unit of labor without changing the output of wheat, at that moment: (w) there is an optimal allocation of resour

    		•
  • Q : The closest illustration of a free good

    Which would be the closest illustration of a free good: (1) A can of tuna bought along with food stamps, (2) dead leaves which require raking into fall, (3) water through a drinking fountain at a park, (4) a sample of soap acquired in the mail and (5)

    		•
  • Q : Existence of scarcity for human survival

    Please help me to solve the problem of scarcity that is given below: Why is Scarcity existed for human: (1) survival requires unlimited resources, (2) needs are enormous relative to the means obtainable to satisfy

    		•