The "invisible hand" guides firms and resource suppliers to promote
Blank
______ even as they seek to further their own interests.

BlackTom题目解析

Question

The "invisible hand" guides firms and resource suppliers to promote 
Blank
______ even as they seek to further their own interests.

BlackTom题目解析

BlackTom AI · Accepted Answer

The question presents the idea that the "invisible hand" guides firms and resource suppliers to promote
Blank
______ even as they seek to further their own interests.

First, let's restate the scenario in plain terms: the concept suggests that self-interested actions by individuals or firms can unintentionally advance the broader public good.
Option 1: government interests. This choice argues that the invisible hand steers toward government objectives. This misreads the classic metaphor, which emphasizes unintended social benefits arising from private incentives rather than deliberate government-directed outcomes. Government interests are not the primary target of the invisible hand in standard economic theory.
Option 2: public or social interests. This option aligns with the mainstream interpretation: even when firms pursue profits, their resources and production decisions tend to allocate goods and services that are valued by society, thus promoting public or social welfare indirectly.
Option 3: household interests only. Claiming that the invisible hand serves only household interests is overly narrow. While households benefit, the idea encompasses a broader set of societal outcomes, not restricted to individual households alone.
Option 4: foreign interests. This suggests the invisible hand primarily serves foreign objectives, which is not a core claim of the theory. The concept is about domestic market interactions and the coordination of production and consumption within an economy, not specifically about foreign aims.
In evaluating the options, the strongest and most faithful rendering of the invisible hand idea is that voluntary market actions steer resources toward promoting public or social welfare, even as individuals pursue their own gain. The other options misattribute the direction of influence or mischaracterize the scope of the concept, leading to inaccuracies about what the invisible hand is supposed to achieve.

The "invisible hand" guides firms and resource suppliers to promote Blank ______ even as they seek to further their own interests. BlackTom题目解析

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