NAIMMCQ Microeconomics The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also simultaneously promote the public or social interest is a description of:

The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also simultaneously promote the public or social interest is a description of:

Microeconomics

The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also simultaneously promote the public or social interest is a description of:

a. dollar votes
b. capital accumulation.
c. the invisible hand
d. the guiding function of prices.

Answer: C

NAIMMCQ

The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also simultaneously promote the public or social interest is a description of:

The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also simultaneously promote the public or social interest is a description of:

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