The Invisible Hand Property 2 Maintains That

question 25

Multiple Choice

The Invisible Hand Property 2 maintains that:

• A) the right mix of resources will be found in each industry, maximizing the total value of production.
• B) entry barriers prevent profit signals from working in competitive markets.
• C) resources are allocated by greatest need for the greatest number.
• D) production costs are minimized.

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Definitions:

Socially Responsible

Being socially responsible indicates that individuals or organizations act in the best interest of society, considering ethical and environmental impacts of their decisions.