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Author Question: Adam Smith's invisible hand refers to A) the laws of nature that influence economics decisions. ... (Read 52 times)

LaDunn

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Adam Smith's invisible hand refers to
 
  A) the laws of nature that influence economics decisions.
  B) the government's unobtrusive role in ensuring that the economy functions efficiently.
  C) property ownership laws and the rule of the court system.
  D) the process by which individuals acting in their own self-interest bring about a market outcome that benefits society as a whole.

Question 2

A goal of ________ is to give patients an incentive to pay more attention to the prices of medical services. This would tend to increase economic efficiency by decreasing the costs of medical services
 
  A) government-provided health care
  B) market-based reforms of the health care system
  C) socialized medicine
  D) the Patient Protection and Affordable Care Act (ACA)


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gasdhashg

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LaDunn

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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