Which of the Following Statements Is Correct

question 27

Multiple Choice

Which of the following statements is correct?

• A)Markets are organized by the "invisible hand" of price mechanisms, whereas firms are organized by the "visible hand" of management
• B)Markets are organized by the "visible hand" of price mechanisms, whereas firms are organized by the "invisible hand" of management
• C)Firms and markets are two institutions that comprise the capitalist economy
• D)Answers a and c

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Definitions:

Sigmoid Colon

An S-shaped tube that lies between the descending colon and the rectum.

Pelvic Cavity

The space within the pelvis that houses the reproductive organs, urinary bladder, and rectum in humans.

Serosa

A smooth membrane consisting of a thin layer of cells that secrete serous fluid, covering internal organs and body cavities.

Alimentary Canal

The whole passage along which food passes through the body from mouth to anus, including the esophagus, stomach, and intestines.