According to the "invisible hand" principle, which of the following statements is least accurate（）
A: Competitive markets produce an optimal basket of goods and services.
B: Efficient allocation of productive resources occurs through competition.
C: The authority of the state, although not seen, must always be present in the market.
A: Competitive markets produce an optimal basket of goods and services.
B: Efficient allocation of productive resources occurs through competition.
C: The authority of the state, although not seen, must always be present in the market.
举一反三
- When computing the cost of the basket of goods and services purchased by a typical consumer, which of the following changes from year to year? A: The quantities of the goods and services purchased. B: The prices of the goods and services. C: The goods and services making up the basket. D: All the choices are correct.
- According to the degree of , market can be divided into the complete monopoly market, the oligopoly market, the monopoly competition market and the complete competitive market.
- Which of the following statements about markets is most accurate?
- 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.
- Adam Smith believes that a country should produce only goods with which it is least efficient, and trade for those goods with which it is most efficient.