The Metaphor Used to Describe the Working of the Price

question 76

Multiple Choice

The metaphor used to describe the working of the price system to achieve efficiency in a free market is

• A)Occam's razor.
• B)the prisoner's dilemma.
• C)the invisible hand.
• D)the benefit principle.

---

Definitions:

Concrete

Relating to or characterized by tangible or material things, rather than abstract concepts.

Opposing Theories

Theories that contradict each other because they are based on different premises or interpretations of data.

Acquisitive Stage

A phase of cognitive development where individuals acquire and accumulate information and skills, often seen in childhood.

Acquiring Knowledge

The process of obtaining information and understanding through experience, education, or being taught, leading to an increase in mental capability or comprehension.