1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alecsey [184]
3 years ago
13

Which of the following is NOT an example of the invisible hand in action? A. producers offer people what they want B. competitio

n results in decreased prices C. producers work together to increase prices D. consumers have desirable products
History
1 answer:
musickatia [10]3 years ago
6 0

Answer:

C. producers work together to increase prices

Explanation:

The concept of the invisible hand in economics was introduced by the classical economist Adam Smith, who is considered the father of economic liberalism. According to Smith, men have a natural selfish tendency and will seek to satisfy their own needs through trade in goods and services. Thus a positive effect of each man's selfish and individual attitudes will be felt in the economy. When everyone seeks their benefits, the wheel of economics spins. This is what Smith calls the invisible hand.

Consumers will demand goods and services according to their needs. Business owners, seeking to increase their wealth, will provide consumers with the most desired products. Consumers are rational and tend to buy goods from those they provide at a lower price.

Thus competition is a central element by which Smith justifies the invisible hand. The act of union of producers is considered a cartel, something contrary to the mechanisms of competition and therefore does not fit the metaphor of the invisible hand.

You might be interested in
What are three ways the Harlem Renaissance impacted African American
MariettaO [177]

Answer:

The Harlem Renaissance was a golden age for African American artists, writers and musicians. It gave these artists pride in and control over how the Black experience was represented in American culture and set the stage for the civil rights movement.

Explanation:

The Harlem Renaissance was the development of the Harlem neighborhood in New York City as a Black cultural mecca in the early 20th Century and the subsequent social and artistic explosion that resulted. Lasting roughly from the 1910s through the mid-1930s, the period is considered a golden age in African American culture, manifesting in literature, music, stage performance and art.

5 0
2 years ago
A origem e a construç?o a)o texto que voc? acabou de ler confirma ou nega o afirmado capítulo sobre a história do Rio Grande do
lutik1710 [3]

qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq

3 0
3 years ago
Which of the following term is not related to traditional chinese marriage practices
timofeeve [1]
Nuclear family is the term among the terms in question, that is not related to traditional Chinese marriage practices. The correct option among all the options that are given in the question is the fourth option or option "D". I hope that this is the answer you were looking for and it has helped you.
4 0
3 years ago
Read 2 more answers
BRAINLIESTTT ASAP!!!!! PLEASE HELP MEEE :)
katrin [286]

Peter the Great was a czar in Russia that did some extensive reforms in an attempt to make Russia great.  He started a lot of wars but it was to expand his Tsardom and it worked. It became a major European power. He also led a cultural revolution that replaced the more traditional and medieval social and political systems into a modern one with modern science and based on the enlightenment. He founded and developed the city of St. Petersburg which was the capital of Russia until 1917.


Peter reorganized the Russian army and dreamed of making Russia a maritime power. He faced a lot of opposition to these policies at home and he brutally suppressed rebellions against his authority, including by the Streltsy, Bashkirs, Astrakhan, and the greatest civil uprising of his reign, the Bulavin Rebellion.

8 0
3 years ago
5. U.S. Groups of the Late 1700s and Early 1800s Women Children Indentured Servants Native Americans African American Working Cl
Rom4ik [11]
5 is correct and so is 9, good job!
3 0
3 years ago
Other questions:
  • Europe is waking out of a long deep sleep ... time was when learning was only found in the religious orders.... learning has pas
    11·1 answer
  • Why do think revere wrnt so far north before getting on the same path as dawes
    5·1 answer
  • Transparency, or clear and public access to operations within government institutions, is important for providing which of the f
    12·1 answer
  • List 3 good items traded on the colombian exchange
    7·1 answer
  • <img src="https://tex.z-dn.net/?f=2%20%5Ctimes%202" id="TexFormula1" title="2 \times 2" alt="2 \times 2" align="absmiddle" class
    10·1 answer
  • Please get it right or i will report you
    12·1 answer
  • Why did President Reagan call for Soviet leader Gorbachev to “tear down” the Berlin Wall?
    6·2 answers
  • Which statements best summarize the teachings of Jesus?
    7·1 answer
  • What were Britain and France doing that caused Jefferson to place an embargo
    6·1 answer
  • I need help nobody helping me come on i help yall when yall need help and now yall cant help me come on now! can you pls help me
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!