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1.2.7 Price mechanism

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Question 3

Which one of the following economic thinkers argued that the 'invisible hand' of the price mechanism is the most effective way to allocate scarce resources in an economy?

Karl Marx

Adam Smith

John Maynard Keynes

Thomas Malthus

1.2.7 Price mechanism Questions

  1. A Level
  2. /Economics
  3. /1.2.7 Price mechanism