Author Question: Why is the image of the invisible hand in Adam Smith's analysis of capitalism said to be misleading? ... (Read 119 times)

newyorker26 · **on:** Jul 2, 2018

Why is the image of the invisible hand in Adam Smith's analysis of capitalism said to be misleading?

a. For markets to function properly, rules must be enforced by the state when violated.
b. For markets to function properly, entrepreneurs must be admitted by lottery drawing.
c. For markets to function properly, competition must be enforced by supply and demand, not rules.
d. For markets to function properlythere must be few if any rules.

Question 2

The crude death rate is the most widely used measure of a society's population decline.

Indicate whether the statement is true or false