The Tendency of Markets to Automatically Gravitate Toward Equilibrium Is

question 41

Multiple Choice

The tendency of markets to automatically gravitate toward equilibrium is an application of which core principle?

• A)The Scarcity Principle
• B)The Cost-Benefit Principle
• C)The Principle of Comparative Advantage
• D)The Incentive Principle

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Definitions:

Empirical Evidence

Information acquired by observation or experimentation that is used to validate or disprove a hypothesis or theory in scientific research and real-world applications.

Value Hierarchy

An individual's or society's ranking of values in order of importance, which can influence decisions and behaviors.

Living

The act or condition of being alive; engaging in activities and experiences that constitute existence.

Beliefs About Death

The various cultural, religious, and personal convictions and understandings regarding the nature and significance of death.