The invisible hand refers to
A) Intervention in the economy by the government bureaucrats we do not see and over whom we have no control.
B) Undiscovered natural resources.
C) The allocation of resources by market forces.
D) The person who has the responsibility to coordinate all the markets in a market economy. Resources are allocated efficiently as if directed by an unseen force.
Correct Answer:
Verified
Q41: The market mechanism may best be defined
Q43: Q45: Q47: Which of the following has occurred when Q50: When the invisible hand does not produce Q51: Macroeconomics focuses on the performance of Q52: A mixed economy Q55: Which of the following is not a Q56: The doctrine of laissez faire is based Q60: A city's decision to limit smoking in
A) Individual
A)Is justified by the superiority
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