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mr_godi [17]
3 years ago
5

The phrase "invisible hand" means that:

Business
1 answer:
never [62]3 years ago
4 0

Answer:

The correct answer is letter "B": The tendency of competition to cause individuals and firms to unintentionally promote the interests of society.

Explanation:

In his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776), British economist Adam Smith (1723-1790) introduced the term "invisible hand" to refer that economic factors (buyers and sellers) naturally influence in the fluctuations of supply and demand without the need for the intervention of the government.  

According to Smith, buyers and sellers interactions act as an "invisible hand" arranging proper levels of competition between businesses and promoting the best interest of societies.

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Identify which of the following microeconomic topics can have an impact on macroeconomic topics?
Anestetic [448]

Answer: B. How do people decide how much to save for the future, or whether they should borrow to spend beyond their current means?

Explanation:

It should be noted that microeconomics has to do with studying of economic agents like the individuals and the firms and how their decision affects the society while macroeconomics deals with the whole economy.

The microeconomic topics can have an impact on macroeconomic topics is option B "How do people decide how much to save for the future, or whether they should borrow to spend beyond their current means".

This is because savings and expenditure have an impact on the economy had whole and this can lead to certain decisions to be taken by the government.

8 0
3 years ago
A local pizzeria hires college students to make pizza, wait on tables, take phone orders, and deliver pizzas. For each situation
Colt1911 [192]

The demand for pizza increases because In this task, we need to explain whether the demand for student employees would increase, decrease or remain constant in different scenarios.

Demand for labor is the total demand for working hours (workers) that is derived from the demand of a firm's total output.

Cost of employees increases because the minimum wage rises

Therefore, when the minimum wage for student employees increases, the marginal cost of labor increases.

<u>Therefore, the </u><u>demand </u><u>for student employees would decrease.</u>

<h3>what is Demand ?</h3>
  • Demand refers to the consumer's desire to purchase a particular product or service.
  • Market demand is the demand for a particular good in the market.
  • Aggregate demand refers to the overall demand for goods and services in any economy.
  • The matching of supply and demand determines the price of goods or services, Understanding the concept of demand.
  • Demand is an economic concept that refers to consumers' desire to purchase goods and services and their willingness to pay a particular price for them.
  • The Law of Demand is an economic principle that  consumer demand for a commodity increases when prices fall and decreases when prices rise.
  • The law of demand comes into play during Black Friday sales, when consumers rush to buy products at deep discounts.

to learn more about Demand  from the given link :

brainly.com/question/14456267

#SPJ4

4 0
1 year ago
The depreciation tax shield is best defined as the:
lesantik [10]
Is best defined as the amount of tax that is saved because of the depreciation expense.
7 0
3 years ago
Which of the following equals the amount of public​ saving?
ollegr [7]

Answer:

The answers are:

  • A) Government tax revenue minus the sum of government purchases and transfer payments to households.
  • B) a budget surplus

Explanation:

The formula to calculate public saving is (T - G - TR).

  • T stands for all the government revenue through taxes and tariffs.
  • G stands for all the government spending including purchase of goods and provision of services.  
  • TR stands for all the government transfers including payments to individuals and households through social programs (including social security).  

Budget surplus is the same as public saving.

3 0
3 years ago
"Experience goods" are those which: a. Have performance attributes that are difficult to ascertain at the moment of purchase b.
jek_recluse [69]

Answer:

a. have performance attributes that are difficult to ascertain at the moment of purchase

Explanation:

In case of an experience good, it is difficult to make predictions regarding its price and quality.

The reputation of a seller and word of mouth are the important things that customers can use to make decisions regarding purchasing of the product.

Experience goods are those which have performance attributes that are difficult to ascertain at the moment of purchase

7 0
3 years ago
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