Adam Smith's concept of the "invisible hand" describes
A) the large corporations that control the market economy.
B) the indirect means through which the state controls the market economy.
C) all the actions of households and firms regarding the uses of factors of production.
D) the economic impact of the policy decisions of a country's political leaders.
E) the effects of the movement of money among financial actors.
Correct Answer:
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Q2: The basic economic principle in which price
Q3: A benefit of using "purchasing power parity"
Q4: The gross domestic product is
A) the total
Q5: In which of the following ways can
Q6: In a market economy, the factors of
Q8: In a command economy, the value of
Q9: Which of the following is most likely
Q10: Which of the following is most likely
Q11: In a mixed economy,
A) most key infrastructure
Q12: The use of tariffs and quotas is
A)
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