Which of the following statements describe features of a market economy? a. The invisible hand harnesses the

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Which of the following statements describe features of a market economy?

a. The invisible hand harnesses the power of self-interest for the good of society.

b. A central authority makes decisions about production and consumption.

c. The pursuit of one’s own self-interest sometimes results in market failure.

d. Growth in a market economy is steady and without fluctuations.

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Essentials Of Economics

ISBN: 9781429278508

3rd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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Question Posted: Oct 02, 2024 06:00 AM

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Which of the following statements describe features of a market economy? a. The invisible hand harnesses the

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Essentials Of Economics

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