Automatic cost-per-click (CPC) bidding attempts to get advertisers the most:

Automatic cost-per-click (CPC) bidding attempts to get advertisers the most:

  • Clicks for their daily budget.
  • Impressions for their daily budget.
  • Conversions based on their conversion goals.
  • Impressions in their preferred position range.

The correct answer is:

  • Clicks for their daily budget.

Explanation: Automatic bidding is ideal for advertisers who don’t want to spend a lot of time setting bids, but would like to get the most clicks possible for their ads within their budget. If at any time you don’t like the bid suggestions, you can easily switch to using manual bidding which gives you full control to set the bid amounts yourself.

You can read more here: https://support.google.com/partners/answer/2470106?hl=en