Multiple Choice
The basic forces driving the "invisible hand" are
A) government and business.
B) information and computer technology.
C) competition and self-interest.
D) cooperation and altruism.
Correct Answer:
Verified
Correct Answer:
Verified
Q36: The price system automatically leads to an
Q37: Differentiate between consumer's surplus and producer's surplus.For
Q38: Figure 11-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 11-2
Q39: When the price of a good is
Q40: The MU of computers is initially larger
Q42: The laissez-faire system relies on the price
Q43: Under laissez-faire, output selection is determined by<br>A)consumer
Q44: Society might argue that there are cases
Q45: If arrival and departure delays are frequent
Q46: After the Arab oil embargoes, there was