Question

Question 18 1 pts According to Adam Smith's concept of the "invisible hand": pursuit of private gain will bring the best overall results if you try hard, you will be successful invisible externalities must be visibly internalized although it can't be seen, the hand of government controls the economy MacBook Pro

Answer 1

The invisible hand theory of Adam Smith says that the self-interest of the individual's brings the best use of the resources and self regulates the market economy.

Hence, according to Adam Smith's concept of the "invisible hand" implies the pursuit of private gains will bring the best overall results.

Answer: Option (A)