The Metaphor Used to Describe the Working of the Price

question 76

Multiple Choice

The metaphor used to describe the working of the price system to achieve efficiency in a free market is

• A)Occam's razor.
• B)the prisoner's dilemma.
• C)the invisible hand.
• D)the benefit principle.

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Definitions:

Bacteria

Microscopic, single-celled organisms found in virtually every environment on Earth, some of which are beneficial while others can cause diseases.

Alkaline

Relating to or denoting substances that have a pH greater than 7, characterized by the presence of hydroxide ions (OH-).

Acidic

Refers to substances with a pH value less than 7, characterized by their sour taste and ability to turn litmus paper red.

Clarity

Clarity means the quality of being clear, in terms of perception, understanding, or expression.