The Invisible Hand of the Marketplace Acts to Allocate Resources

question 193

Multiple Choice

The invisible hand of the marketplace acts to allocate resources

• A)efficiently but does not necessarily ensure that resources are allocated fairly.
• B)both fairly and efficiently.
• C)fairly but does not necessarily ensure that resources are allocated efficiently.
• D)neither fairly nor efficiently.

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Definitions:

Minutes Used

The total amount of time, measured in minutes, that has been used or consumed for a specific activity or service.

Football Team

A group of players formed to compete in football matches, typically comprising various positions such as defense, midfield, and attack.

Average Attendance

The mean number of individuals present at a series of events or gatherings, serving as an indicator of interest or engagement.

Larger Stadium

A sports or event venue with a larger capacity for accommodating more spectators.