The Invisible Hand of the Marketplace Acts to Allocate Resources

question 75

True/False

The invisible hand of the marketplace acts to allocate resources efficiently, but it does not necessarily ensure that resources are allocated fairly.

---

Definitions:

Globalization

is the process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence.

Philip Morris

A leading international tobacco company known for manufacturing and selling cigarettes and other nicotine-containing products.

Politics

The activities, actions, and policies used to gain and hold power in government or to influence government.

Economics

A social science focused on the production, distribution, and consumption of goods and services, and the analysis of the choices made by individuals and groups.