Home

In a socialist (communist) economy the invisible hand:

A. Guides most resource allocation decisions

B. Operates effectively only in the labor market

C. Operates effectively only in the market for capital

D. Is prevented from operating effectively

Study and Earn Android App
Share this question with your friends

Correct Answer : D.


The invisible hand is prevented from working because prices are set by government planners rather than determined by market forces

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..

Also checkout

s-Block Element MCQ Boats and Streams MCQ Kinetic Theory of Gases MCQ Analogy MCQ Clause Analysis MCQ Rearrangement Set 4 MCQ Phylum - Platyhelminthes MCQ Cause & Effect MCQ Letter and Symbol Series MCQ Coding Decoding MCQ General knowledge MCQ Indirect TAX MCQ