What is the invisible hand?
What will be an ideal response?
Adam Smith used the term to describe the natural force that guides a competitive marketplace. He believed that an individual, acting out of self interest when exchanging goods and services, actually benefits society. Buyers and sellers decide how much product they produce and how much product they buy; thereby creating an optimal supply, demand, and price structure for the entire marketplace.
Business
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Evidence of discrimination could be found if the ratio of the hiring rate of minority group and the hiring rate of the majority group is less than _____.
A) 1 B) 0.8 C) 0.5 D) 1.2 E) 1.5
Business
Most new salesperson training time is devoted to improving the salesperson's selling techniques.
a. true b. false
Business