Question

Adam Smith developed an important economic theory that does what?
A. promotes the idea that people care too much about the needs of society.
B. helps economists to study the effects of pollution on economic systems.
C. explains population growth and its impact on deteriorating resources.
D. links unintended consequences and their impact on how society functions.

Answer 1

C?

Answer 2

The invisible hand theory as used in EcoCommerce 101 refers to the profit motivation of individuals that drive an economy. EcoCommerce 101 also describes the value of applying the invisible hand theory that goes beyond the transaction between two individuals. Since information is generated by each transaction, this economic data is absorbed by the economic participants that allow the most efficient allocation of resources. From this perspective, the invisible hand theory is also credited with the market marvel, the price of a resource.

Answer 3

The invisible hand theory as used in EcoCommerce 101 refers to the profit motivation of individuals that drive an economy. So I think Probably D.

Answer 4

Hope this is helpful!!!

Answer 5

Thanks!!!