Which of the following is a major implication of the invisible hand concept?
What will be an ideal response?
When directed by competitive market prices, the actions of self-interested individuals will tend to promote overall economic prosperity.
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Don's Pasture Apple Cider Company buys four inputs: apples, glass bottles, apple presses, and computers for record keeping. If the company decides to become more vertically integrated, it will
a. probably start growing apples next b. probably start making glass bottles next c. probably start making apple presses next d. probably start making computers next e. have to grow apples and make glass bottles, apple presses, and computers
Angelo's Calzones is opening a new location in Colorado. To attract new customers, the managers of Angelo's advertise the following slogan, "Angelo's Calzones: The BEST Calzone You Will Ever Eat!" If Angelo's calzones are really of poor quality, this is an example of ________ a(n) ________ good.
A) falsely advertising; credence B) greenwashing; credence C) greenwashing; experience D) falsely advertising; experience