Adam Smith's Invisible Hand Implied That Efficiency Could Be Attained

question 31

Multiple Choice

Adam Smith's invisible hand implied that efficiency could be attained if

• A)A Government committee coordinate production based on people's comparative advantage
• B)Government coordinated the price and quantities of goods and services produced
• C)Government would leave the price and output decisions to the market capitalist system
• D)Government provided subsidies and other incentives for production

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Definitions:

Microsoft Access

Microsoft's database management system intertwines the relational Microsoft Jet Database Engine, a graphical user interface, and tools for software development.

QBE

Query By Example, a feature of database management systems that allows users to search by filling out a form or a "template" with example elements.

Binary Relationship

A binary relationship in databases and data modeling is a type of association that exists between two entities, indicating how records in one entity relate to records in another.

Entities

Any definable units, such as individuals, organizations, or objects, that exist independently with distinct characteristics.