Post Utme Veritas University 2024 General Studies Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Veritas University General Studies examination.

Post Utme Veritas University 2024 General Studies Objective / Multiple Choice

Question 10 POST_UTME_VERITAS_UNIVERSITY • 2024 • GENERAL STUDIES • objective

The concept of the 'invisible hand' was first introduced by Adam Smith in 1776. What is the main idea behind this concept?

Answer Options

A. The idea that individuals will always act in their own self-interest

Correct Answer B. The idea that the pursuit of individual gain can lead to the creation of social wealth

C. The idea that the government should regulate the economy

D. The idea that the market can solve the problem of poverty

Correct Answer

Correct Option:

The idea that the pursuit of individual gain can lead to the creation of social wealth

About This Question

This is Post Utme Veritas University 2024 General Studies Question 10. It is one of the objective questions from the 2024 Post Utme Veritas University General Studies examination.

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