Answer:
C, There should be a budget surplus
Explanation:
A budget surplus happens when there is more money coming in than going out. It can be due to increased taxes, a healthy economy growth or the effectiveness of government.
The surplus is usually spent on investments, improvements, or to pay off any outstanding debts.
When expenditures exceed income, the opposite of a surplus happens, which is known as a budget deficit.
A budget surplus in an indicator of a healthy economy.
Answer:
Informational influence; Normative influence
Explanation:
Will pays attention to when the rest of the congregation sits and stands because he wants to be sure to stand and sit at the appropriate times. This shows Will has conformed because of INFORMATIONAL INFLUENCE.
Informational influence refers to new knowledge or arguments provided in a group discussion that alter the views, opinions, or actions of a group member, here WILL with the new knowledge he learned by observing the congregation helps him know his next options/actions.
Grace stands up and sits down when the rest of the congregation does because if she doesn't, the elderly couple across the aisle scowls at her.
Grace has conformed because of NORMATIVE INFLUENCE .
Normative influence refers to the idea that often times people change their actions, thoughts or beliefs that others like and embrace. GRACE stands up and sit down when the rest of the congregation does, because she knows if she doesn't the old women would scowl at her, this shows she is trying to impress and make the people like her.
With the options given in the question, the correct answer is C) the government sets policy for producer and consumers, which guides the economy.
<em>The option that best describes the idea of the “invisible hand” is “the government sets policy for producer and consumers, which guides the economy.”
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The “invisible hand” is a term coined by the economist Adrian Smith in his book “The Wealth of Nations”. It implies that in the market exist an “invisible hand” that helps the demand and supply of goods to maintain a balance.
Observing the graphic attached, another valid affirmation that stems from the information in the graphic could be: producers and consumers work together, which guides the economy.
