Adam Smith's invisible hand refers to :

Adam Smith's invisible hand refers to
 
  A) the uncontrollable forces of nature that affect the economy.
  B) a successful gothic novel Smith wrote, thereby gaining the income necessary to pursue less lucrative academic speculation.
  C) the control that government exercises over the economy.
  D) the economic force that converts individual pursuit of personal profit into societal good.
  E) the fact that the basic cost of goods will always increase.

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A country in which the government is described as laissez-faire is one in which
 
  A) the government selects the citizens who will control enterprise.
  B) the government controls all forms of enterprise.
  C) the citizenry has no say.
  D) there is no government control.
  E) big business and government work together to implement control.

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Today, China says that it has a _____ market economy because it depends on the private sector for economic growth but also direct and supports state-owned enterprises.
 
  A) capitalist
  B) laissez-faire
  C) liberal
  D) pragmatist
  E) socialist

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Market economies are loosely called
 
  A) capitalist economies.
  B) monetarist models.
  C) command economies.
  D) planning models.
  E) competition constructs.

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In 2016 the U.S national debt was roughly equivalent to _________ per person.
 
  A) 23,000
  B) 59,000
  C) 87,000
  D) 123,000
  E) 323,000