Which Concept Suggests That the Private Market Can Be Effective

question 130

Multiple Choice

Which concept suggests that the private market can be effective in dealing with externalities

• A)the "invisible hand"
• B)the law of diminishing social returns
• C)the Coase theorem
• D)technology policy

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Definitions:

Orbit

The curved path of a celestial object or spacecraft around a star, planet, or moon, under the influence of gravitational forces.

Pronoun

A word used to replace a noun or noun phrase, often to avoid repetition.

Committee

A group of people appointed or elected to perform a specified service or function.

Gender Bias

The inclination or prejudice towards one gender over another, often resulting in unfair treatment or discrimination.