When the Invisible Hand Is at Work

question 26

Multiple Choice

When the invisible hand is at work,

• A)the price system will sometimes give incorrect cost signals to consumers.
• B)the price system will allocate resources based only on consumer need.
• C)all prices will be set equal to marginal costs.
• D)there will be some shortages and surpluses that cannot be avoided.

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Definitions:

Symbolic Content

Elements within dreams or other forms of communication that represent deeper, often unconscious, meanings or messages.

Lethal Overdose

The ingestion or exposure to a substance in quantities that exceed the level of tolerance in the body, leading to death.

Psychoactive Drugs

Substances that, when ingested, alter perception, mood, consciousness, cognition, or behavior by affecting brain function.

Sedatives

A class of drugs that slow down brain activity, used to calm or make someone sleep.