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Which of the following best describes theinvisible-hand concept?
Which of the following best describes the
invisible-hand concept?
The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest.
The non-substitutability of resources creates a conflict between private and public interests and calls for government intervention.
The market system is the best system for overcoming the scarce resources-unlimited wants problem.
Central direction by the government will improve resource allocation in a capitalistic economy.
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