Asked by Morgan Burroughs on May 16, 2024
Verified
The invisible hand ensures that economic prosperity is distributed equally.
Invisible Hand
A metaphor introduced by Adam Smith to describe the self-regulating nature of the marketplace.
Economic Prosperity
The state of flourishing, thriving, good fortune, and/or successful social status in terms of wealth, health, and happiness.
- Comprehend the association between fiscal policies, the allotment of resources, and community welfare.
Verified Answer
RL
rahma lintangMay 16, 2024
Final Answer :
False
Explanation :
The concept of the invisible hand, introduced by Adam Smith, suggests that individuals pursuing their own self-interest in free markets can lead to efficient economic outcomes, but it does not ensure equal distribution of economic prosperity.
Learning Objectives
- Comprehend the association between fiscal policies, the allotment of resources, and community welfare.
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