The Invisible Hand Theorem Shows That Competitive Markets Create the Maximum

question 67

True/False

The Invisible Hand Theorem shows that competitive markets create the maximum possible social gain,even when all interactions among the markets are taken into account.

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Definitions:

Real Suffering

Genuine or authentic experience of discomfort, pain, or distress, either physical or psychological, often implying a deep and tangible impact on an individual.

Voltaire

A pseudonym for François-Marie Arouet, an Enlightenment writer, historian, and philosopher famous for his advocacy of freedom of speech, religious tolerance, and separation of church and state.

Ontological Argument

An argument (or set of arguments) that tries to prove the existence of God from the very concept of “God.” For example: God, by definition, is that Being with all possible perfection; existence is a perfection; therefore God exists.

Akhnaton

An ancient Egyptian pharaoh of the Eighteenth Dynasty who is noted for attempting to institute a monotheistic worship of the sun disk Aten.