The invisible hand is an economic term to describe the tendency of a market prices to lead individuals chasing their own interests into productive activities that encourage economic welfare of society too. With this explained, we can choose <em>C a term economists use to describe the self-regulating nature of the marketplace</em> as the correct answer.
Governments influence the economy by changing the level and types of taxes, the extent and composition of spending, and the degree and form of borrowing. Governments directly and indirectly influence the way resources are used in the economy.
Answer:
Anchoring
Explanation:
The anchor may be explained as the first piece of information which an individual has access to. This anchor, or information, hence affects the decision made by the individual as they rely so heavily on it no matter the level or degree of veracity of the information. The anchor may be seen as a particular reference point over which a the person uses as a benchmark for his belief on certain issues. For instance, a person might had an initial information on a particular subject. This information might be adopted by the person as an anchor such that he relies so heavily on it no matter how false it may seem.
Answer:
C. It decreased the number of goods available
Explanation:
