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Author Question: The invisible hand described by Adam Smith refers to the a. allocative role of markets and market ... (Read 153 times)

2125004343

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on: Jul 1, 2018
The invisible hand described by Adam Smith refers to the
 a. allocative role of markets and market forces
  b. importance of government intervention and central planning
  c. actions of successful entrepreneurs in directing the economy
  d. role of monopolized industries in leading the nation
  e. value of religious belief in creating an ideal economy

Question 2

Which of the following is a characteristic of pure capitalism?
 a. all resources are owned communally
  b. economic activity is coordinated by government decision makers
  c. the price system is used to guide resources to their highest-valued uses
  d. centralized economic planning is used to answer the basic economic questions
  e. individual choices are reflected only through collective decisions


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Hdosisshsbshs

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


2125004343

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Liamb2179

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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