The
invisible hand refers to()
A: how central planners made economic
decisions.
B: how the decisions of households and firms
lead to desirable market outcomes.
C: the control that large firms have over the
economy.
D: government regulations without which the
economy would be less efficient.
invisible hand refers to()
A: how central planners made economic
decisions.
B: how the decisions of households and firms
lead to desirable market outcomes.
C: the control that large firms have over the
economy.
D: government regulations without which the
economy would be less efficient.
举一反三
- 18. Invisible hand is a term used by the economist ______ to describe how the decisions of households and firms lead to desirable market outcomes.
- 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.
- What is the defining characteristic of imperfect competition?() A: The<br/>firms are subject to government regulation. B: The<br/>firms have some degree of market power. C: The<br/>firms choose to collude. D: The<br/>firms act like a cartel.
- A circular-flow diagram is a<br/>model that(<br/>) A: illustrates cost-benefit<br/>analysis. B: explains how the economy<br/>is organized. C: shows the flow of traffic<br/>in an economic region. D: explains how banks<br/>circulate money in the economy.
- There is a situation in the market economy: the government does not<br/>intervene in the economy at all, this kind of economy is called ( ) A: Weak economy. B: Completely free market economy. C: The government does not intervene in the economy. D: Mixed economy.