Invisible Hand Property 1 Says That Without Any Single Person

question 94

Multiple Choice

Invisible Hand Property 1 says that without any single person in charge, free markets will result in equal ______ and price will be set to it.

• A) average costs
• B) marginal costs
• C) fixed costs
• D) demand curves

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Definitions:

Immigration Quotas

A system that sets limits on the number of immigrants allowed to enter a country.

Immigration Act of 1924

A United States federal law that restricted immigration by establishing quotas based on nationality.

Johnson-Reed Act

A 1924 United States federal law that limited the number of immigrants who could be admitted from any country to 2% of the number of people from that country who were already living in the United States as of the 1890 census.

Immigration Restriction

Policies or laws designed to limit or control the numbers and characteristics of immigrants allowed to enter a country.