What did Adam Smith mean by his idea of the invisible hand?
a.If a few producers and consumers dominate a market, they will be able to influence competitive forces, resulting in net benefits for all.
b.If the government sets stringent regulations, the net benefits of the market can be multiplied or intensified.
c.If producers and consumers work together to act against competitive forces, the net benefits of the market can be multiplied or intensified.
d.If markets are truly competitive, producers and consumers act independently against competitive forces that are beyond their control, resulting in net benefits for all.
d.If markets are truly competitive, producers and consumers act independently against competitive forces that are beyond their control, resulting in net benefits for all.
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What will be an ideal response?
The television news broadcasts are still the major news source for Americans
Indicate whether the statement is true or false
According to macro theorists, __________ are the key factors leading to war
A) cultures B) leaders C) states D) citizens
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a. true b. false