What does the "invisible hand" refers to?
How the decisions of self-interested households and firms lead to desirable market outcomes.
Economics
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Tobacco prices fell dramatically in the early 1600s in spite of demand increases because:
a. supply was also increasing. b. supply was decreasing. c. new farming machinery was introduced. d. the colonial government provided agriculture subsidies for tobacco farmers.
Economics
A tariff is a tax on imports imposed by the country that is importing the goods
a. True b. False Indicate whether the statement is true or false
Economics