Multiple Choice
Friedrich Hayek described the Invisible Hand Properties as:
A) "products of human design but not of human action."
B) "products of human action and human design."
C) "products of human action but not of human design."
D) "products of neither human action nor human design."
Correct Answer:
Verified
Correct Answer:
Verified
Q133: If a firm has revenues of $125,
Q134: It is good when entrepreneurs move capital
Q135: In a perfectly competitive market, each firm
Q136: Explain two ways in which the competitive
Q137: In the long run, firms will enter
Q139: Which of the following best illustrates how
Q140: According to Joseph Schumpeter, firms face more
Q141: The invisible hand is Schumpeter's theory that
Q142: High profits mean outputs of _ value
Q143: Adam Smith said that each individual is