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 79 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

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Sitting up allows an infant to reach and grasp with one hand, but the process by which reaching ... Sitting up allows an infant to reach and grasp with one hand, but the process by which reaching ...
Right-hand Rule Right-hand Rule
Figure-8s at the knuckles of the hand. Figure-8s at the knuckles of the hand.
Holding the head with one hand, apply effleurage to upper trapezius on one side using the fist. When ... Holding the head with one hand, apply effleurage to upper trapezius on one side using the fist. When ...
Fingertips knead along paraspinal muscles from the sacrum to the top of the shoulder; one hand on ... Fingertips knead along paraspinal muscles from the sacrum to the top of the shoulder; one hand on ...
Main Hall, Trajan's Market Main Hall, Trajan's Market
Video: Fractures Animation

For a complete list of videos, visit our video library