The invisible hand of the marketplace acts to allocate resources efficiently, but it does not necessarily ensure that resources are allocated fairly
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Which of the following is likely to lead to a right shift in the supply curve for labor in an industry?
A) The introduction of labor-saving technology B) A decrease in the opportunity cost of leisure C) An increase in the number of immigrants from foreign countries D) The introduction of labor-complementary technology
Economics
The GDP deflator is a broader measure of the price level than the CPI because
A) it covers sales tax. B) it covers rents. C) it covers investment. D) it factors out fluctuations in seasonal items.
Economics