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.
Answer:
this will cause it's price to fall as well
Explanation:
According to my research on Economics, I can say that based on the information provided within the question if the demand of charcoal were to fall in a certain country then this will cause it's price to fall as well. In the context of Economics, this is called Supply and Demand. These two aspects are two correlating factors. Higher demand tends to lead to higher prices, while lower demand can lead to lower prices.
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Answer:
you don't need alot of things to make you happy
Answer:
<u>A Had well-defined rules of conduct.</u>
Explanation:
These statements are wrong:
C. Were not formal.
B. Had no rules of conduct.
D. Never ended in marriage.
Answer:
I
Improve labour market flexibility.
Explanation:
Natural unemployment rate, generally deals with both structural and frictional unemployment, that always occur when the economy is constantly increasing or booming, and the supply of labour and resources are in equilibrium.
One of the many government policies to reduce unemployment is Improving Labor market flexibility, and while it is believed that improving labour market flexibility, that is, eliminating long working hours and making it easier to hire and fire workers may give rooms to more job creation. However, it may boomerang, where by the higher flexibility of the labor market could only cause an increase in temporary employment and not permanent employment, and there by, resulting to greater job insecurity, which in turn will leads back to natural unemployment, thus increasing the rates of natural unemployment rather than decrease it as intended.
