JAMB Economics 2012 Objective — Question 18
Question 18 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.
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The invisible hand promotes the interest of
- A. consumers
- B. society
- C. government
- D. producersCorrect
Explanation
The invisible hands which are the forces of demand and supply. This in most cases leads to exploitation of consumers and promotes the interest of producers. It is the government in the socialist economy that pursues the goal of promoting the interest of the society. The producers in the market economy pursue their own interest.
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