The "Invisible Hands" Ability to Coordinate the Decisions of the Firms

question 91

Multiple Choice

The "invisible hands" ability to coordinate the decisions of the firms and households in the economy can be hindered by

• A)government actions that distort prices.
• B)increased competition in markets.
• C)enforcement of property rights.
• D)too much attention paid to efficiency.

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Definitions:

Enforceable Contract

A legal agreement between parties that is valid under the law and can be upheld in a court of law if breached.

Regular Delivery

A standard or expected schedule for the distribution of goods or messages.

Present Intent To Contract

The current intention of parties to form a contract, which is necessary for establishing a binding agreement.

Code's Standards

Specific guidelines or rules within a legal, regulatory, or institutional framework that dictate the minimum acceptable levels of safety, ethics, or performance.