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Implications of the "Invisible Hand"

APMICR-1G2HX9

The concept of the “invisible hand” implies that

A

income may be redistributed from the wealthy to the poor without the intervention of the government.

B

businesses that are socially inefficient will be pushed out of the market in the long run.

C

the government need only play a substantial economic role within a command economy.

D

the forces of competition and self-interest may be harnessed to serve the public interest.

E

the only way for business to maximize their profits is by operating independent of the social interest.