18. Invisible hand is a term used by the economist ______ to describe how the decisions of households and firms lead to desirable market outcomes.
举一反三
- The<br/>invisible hand refers to() A: how central planners made economic<br/>decisions. B: how the decisions of households and firms<br/>lead to desirable market outcomes. C: the control that large firms have over the<br/>economy. D: government regulations without which the<br/>economy would be less efficient.
- 18) According to the circular flow model A: . in the market for goods and services, households are buyers and firms are sellers. B: . the market for goods and services, households are sellers and firms are buyers. C: . in the market for factors of production, households are buyers and firms are sellers. D: . firms are the owners of the factors of production.
- What links the decisions of consumers and firms in a market?
- The term "grey water" is used to describe A: runoff from agricultural fields B: wastewater containing human waste C: effluent water from households or business activities D: rainwater that is collected and used in households E: potable water used for household activities
- In a market economy A: households decide which firms to work for and what to buy with their incomes B: firms decide whom to hire and what to make. C: a central planner makes decisions about production and consumption. D: Both a and b are correct.