All of the following concepts are related EXCEPT
A. Competition.
B. Government planning and regulation.
C. The invisible hand.
D. The price mechanism.
B. Government planning and regulation.
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Behind the Glass-Steagall Act was the feeling that __________ is too risky for commercial banks
A) underwriting corporate securities B) competing to pay high deposit rates C) making business mortgage loans D) interstate branching
The "invisible hand" using Adam Smith's terminology refers to
a. government control of the market. b. market forces working through the price mechanism. c. the money supply that serves to keep the economy working smoothly. d. the role of innovation in maintaining a steady rate of growth. e. "behind-the-scenes" policy making to influence how markets allocate scarce resources.
A technological improvement in producing good A would cause:
A. a shift to the right of the supply curve for A. B. a shift to the left of the supply curve for A. C. a movement upward and to the right along the supply curve for A. D. a movement downward and to the left along the supply curve for A.
All of the following are flow variables EXCEPT
A. capital goods. B. saving. C. consumption. D. investment.