If There Are No Externalities,what Does the Invisible Hand Lead

question 28

Multiple Choice

If there are no externalities,what does the invisible hand lead a market to maximize

• A)producer profit from that market
• B)total benefit to society from that market
• C)both equity and efficiency in that market
• D)output of goods or services in that market

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Definitions:

Producing

The process of creating goods or services to be offered for sale, involving the combination of various resources.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits missed out on.

Tacos

A traditional Mexican dish consisting of a corn or wheat tortilla folded or rolled around a filling, such as beef, pork, chicken, or beans.

Burrito

A Mexican dish consisting of a rolled tortilla filled with various ingredients, typically including beans, cheese, meats, and vegetables.