Adam Smith Suggested That an Invisible Had Guides Market Economies

question 3

Multiple Choice

Adam Smith suggested that an invisible had guides market economies.In this analogy,what is the baton that the invisible hand uses to conduct the economic orchestra?

• A)the government
• B)prices
• C)subsidies
• D)the Federal Reserve

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Definitions:

Halo Effect

A cognitive bias where one's overall impression of a person influences how we feel and think about their character or properties.

Single Attribute

A single attribute refers to a specific feature, quality, or characteristic of an object, person, or situation that can be identified individually.

Overall Impression

The cumulative perception or judgment formed about something or someone based on various individual attributes, experiences, or interactions.

Fundamental Attribution Error

The tendency to over-emphasize personality traits and underestimate situational factors when explaining another's behavior.