Multiple Choice
Which of the following is necessary for the invisible hand of market prices to work properly?
A) buyers and sellers who generally tend to disregard their own self-interest
B) democratic political procedures and highly regulated markets
C) price controls that restrict the movement of market prices
D) competition and property rights that are well-defined and enforced
Correct Answer:
Verified
Correct Answer:
Verified
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Q236: Figure 3-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 3-12