Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn

Exercise 11

Identify each of the following quotes as being an example of either: the coordination problem, the invisible hand, creative destruction, or the incentive problem
a. "If you compare a list of today's most powerful profitable companies with a similar list from 30 years ago, you will see
b. "Managers in the old Soviet Union often sacrificed product quality and variety because they were being awarded bonuses for quantitative, not qualitative targets."
c. "Each day, central planners in the old Soviet Union we tasked with setting 27 million prices-correctly:"
d. "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."