In terms of Adam Smith’s concept of the invisible hand, an efficient overall allocation of resources is likely to result from: A. the regulation of markets by economic planners. B. the operation of command rather than market economies. C. the behaviour of public-spirited people, who consider the benefits that their actions will have on others. D. the behaviour of self-interested individuals striving to maximise their own wellbeing. E. A and B are correct

/in /by

In terms of Adam Smith’s concept of the invisible hand, an efficient overall allocation of resources
is likely to result from:

A. the regulation of markets by economic planners.
B. the operation of command rather than market economies.
C. the behaviour of public-spirited people, who consider the benefits that their actions will have
on others.
D. the behaviour of self-interested individuals striving to maximise their own wellbeing.
E. A and B are correct

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