Introduction to Economics 1 Deneme Sınavı Sorusu #1081630

Which of the following best describes the term 'invisible hand'?

The market itself falls short of allocating resources inefficiently

The market itself falls short of allocating resources efficiently

In the absence of interventions, markets usually work in a way to improve social welfare

Allocation of resources through the decentralized decisions of many producers and households that interact in various markets

The impact that an economic actor’s actions has on the well-being of another actor who stands by

Yanıt Açıklaması:

Consumers and producers act as if their actions are guided by an “invisible hand” leading them to desirable market outcomes. In the absence of interventions, markets usually work in a way to improve social welfare. The answer is C.

PAYLAŞ:

SORUNUN CEVABI: C

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