This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The invisible hand described by Adam Smith refers to the a. allocative role of markets and market ... (Read 101 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hdosisshsbshs

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


2125004343

  • Member
  • Posts: 566
Reply 2 on: Jul 1, 2018
:D TYSM

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Comparison of do's and dont's of hand-off reports Comparison of do's and dont's of hand-off reports
Direction: Right-Hand Rule Direction: Right-Hand Rule
Figure-8s at the knuckles of the hand. Figure-8s at the knuckles of the hand.
Seven-week embryo showing development of arm, forearm, and hand Seven-week embryo showing development of arm, forearm, and hand
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
Calvin Harris, Sam Smith - Promises (Official Lyric Video) Calvin Harris, Sam Smith - Promises (Official Lyric Video)
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library