According to the Theory of the Invisible Hand, If Buyers

question 79

Multiple Choice

According to the theory of the invisible hand, if buyers and sellers are free to pursue their own self-interest, the result often will be:

• A)an incomplete allocation of resources.
• B)the exploitation of productive resources.
• C)an equitable allocation of resources.
• D)an efficient allocation of resources.

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Definitions:

Generalization

The process in psychology by which a response is given to a similar stimulus as the one that originally triggered the response.

Somatoform Disorder

Psychological disorder in which the symptoms take a somatic (bodily) form without apparent physical cause.

Bodily Form

Refers to the shape or structure of the human body.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impacts multiple life areas and/or causes significant distress, often classified and diagnosed according to standardized criteria.