Which of the Following Statements Is Not Correct

question 118

Multiple Choice

Which of the following statements is not correct?

• A) An invisible hand leads buyers and sellers to an equilibrium that maximizes total surplus.
• B) Market power can cause markets to be inefficient.
• C) Externalities can cause markets to be inefficient.
• D) The invisible hand can remedy most if not all types of market failures.

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Definitions:

Terminal Voltage

The voltage measured across the terminals of a device, which can be affected by the device's internal resistance and the current flowing through it.

Nicad Battery

A rechargeable battery variety utilizing nickel oxide hydroxide and cadmium metal as its electrode materials.

Cells

Basic units of a battery, generating electrical energy through chemical reactions, and can be combined to increase voltage or current capacity.

Thermocouples

Electrical devices consisting of two dissimilar conductors forming electrical junctions at differing temperatures, used to measure temperature gradients or temperature changes.