The idea that only the government can organize economic activity in a way that promotes economic well-being fora country as a whole

a. is a basic principle regarding individual decisionmaking.

b. amounts to a denial of one of the basic principles regarding interactions among people.

c. supports the idea that the "invisible hand" should guide economic activity.

d. was promoted by the economist Adam Smith in a well-known 1776 book.

Question

Harley Jackson

Business

30 December, 01:14

The idea that only the government can organize economic activity in a way that promotes economic well-being fora country as a whole

a. is a basic principle regarding individual decisionmaking.

b. amounts to a denial of one of the basic principles regarding interactions among people.

c. supports the idea that the "invisible hand" should guide economic activity.

d. was promoted by the economist Adam Smith in a well-known 1776 book.

+4

Answers (1)

Know the Answer?

Chaim Johns · Answer 1

The correct option is b

amounts to a denial of one of the basic principles regarding interactions among people.

Explanation:

That will greatly affect the economy if Government only organise economic activities, it will denial the basic principles regarding the interaction among the people. Therefore option b is the right option.