The "invisible hand" refers to
A: the marketplace guiding the self-interests of market participants into promoting general economic well-being.
B: the fact that social planners sometimes have to intervene, even in perfectly competitive markets, to make those markets more efficient.
C: the equality that results from market forces allocating the goods produced in the market.
D: the automatic maximization of consumer surplus in free markets.
A: the marketplace guiding the self-interests of market participants into promoting general economic well-being.
B: the fact that social planners sometimes have to intervene, even in perfectly competitive markets, to make those markets more efficient.
C: the equality that results from market forces allocating the goods produced in the market.
D: the automatic maximization of consumer surplus in free markets.
举一反三
- When a central bank intervenes in the ________, their intention is to ________. A: spot market; convey a clear signal to the markets B: futures market, hide its actions from the markets C: forward market, hide its actions from the markets D: swap markets, convey a clear signal to the markets
- The self-interest of the participants in an economy is guided into promoting general economic self-interest by A: oilkonomos B: market power C: government intervention D: the invisible hand
- The economy’s two most important financial markets are A: the investment market and the saving market. B: the bond market and the stock market. C: banks and the stock market. D: financial markets and financial institutions.
- Stock markets are divided into primary market and secondary market.
- Which of the following markets is sometimes organized as an over-the-counter market?