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zysi [14]
3 years ago
15

The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also s

imultaneously promotes the public or social interest is a description of:
Business
2 answers:
garik1379 [7]3 years ago
6 0
<span>The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also simultaneously promotes the public or social interest is a description of the invisible hand. The term invisible hand was used by Adam Smith a Scottish philosopher and economist in the 18th-century. The invisible hand refers to the unintended social benefits that came from an individuals self-interest actions. </span>
Lorico [155]3 years ago
4 0
That is known as the "invisible hand"
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Answer:

The correct answer is False.

Explanation:

Foreign direct investment, in socialization is the placement of long-term capital in some part of the world, for the creation of agricultural, industrial and service companies, with the purpose of internationalizing.

There are several reasons for a company to decide to invest in another country. Almost all the arguments that have been offered for the existence of FDI can be grouped under three basic objectives: the attempt to participate in new markets, increase production efficiency through cost reductions and the attempt to exploit certain strategic assets. Next we will explain in more detail each of these three objectives.

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beks73 [17]

Answer: Option (c) is correct.

Explanation:

The short run Phillips curve represents the trade off between unemployment  and inflation. This means that if there is an increase in the inflation rate then as a result unemployment rate decreases and  if there is an increase in the unemployment rate then as a result inflation rate decreases. There is an inverse relationship between unemployment and inflation rate.

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Travka [436]
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A company has a total amount of 15 hours for one specific resource. The upper limit of this resource is 18 (the right-hand side
Greeley [361]

Answer: A. the company will be willing to pay a different amount for this resource.

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The upper limit for the resource was 18 and anything up to 18 would have attracted the same shadow price (price company estimated it was willing to pay for access to this resource).

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