Introduction to Economics 1 Deneme Sınavı Sorusu #712367

What are the actual instruments thought to guide the consumers' and producers' actions and do what Adam Smith thought the invisible hand does in market economy?


Externalities

Failures

Cost

Prices

Supremacy


Yanıt Açıklaması:

Consumers and producers act as if their actions are guided by an “invisible hand” leading them to desirable market outcomes. As all students of economics eventually learn, the actual instruments that do what Adam Smith thought the invisible hand does are prices. As it can be understood from this information, the correct answer is “D”.

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