Adam Smith's "invisible hand" refers to
A) the uncontrollable forces of nature that affect the economy.
B) a successful gothic novel Smith wrote, thereby gaining the income necessary to pursue less lucrative academic speculation.
C) the control that government exercises over the economy.
D) the economic force that converts individual pursuit of personal profit into societal good.
E) the fact that the basic cost of goods will always increase.
D
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How does economic liberalism compare with mercantilism?
A. Economic liberalism is not concerned with whether one state gains more or less than another, just whether the state's wealth is increasing in absolute terms, whereas mercantilism emphasizes that each state must protect its own interests at the expense of others. B. Economic liberalism emphasizes conflicting interests in economic exchanges, whereas mercantilism emphasizes shared interests. C. Economic liberalism asserts that the most important goal of economic policy is the creation of the most favorable possible distribution of wealth, whereas mercantilism asserts that the most important goal is the maximum creation of total wealth. D. Economic liberalism advocates a role for politics in market processes, whereas mercantilism advocates for market processes to be relatively unhindered by political elements.
A county auditor makes an annual budget for a Texas county with input from interested residents
Indicate whether the statement is true or false.
The U.S. Court of Appeals for the First Circuit is a constitutional court
Indicate whether this statement is true or false?
President Ulysses S. Grant coined which of the following terms after walking through the Willard Hotel and commenting on the presence of people who represented various interests and were waiting to speak to members of Congress?
A. lobbyist B. iron triangle C. public outreach D. buttonholing E. issue network