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:

Ability

Refers to the possession of the means or skill to do something effectively and efficiently.

Fired

The termination of an employee's contract or job due to inadequate performance, misconduct, or a company's financial difficulties, among other reasons.

Interview

An official gathering where one or more individuals interrogate, seek advice from, or assess another individual.

Situational Interviews

A type of interview where candidates are asked to describe how they would respond to hypothetical scenarios related to the job, assessing their problem-solving abilities and suitability.