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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?

A

Karl Marx

B

Adam Smith

C

John Maynard Keynes

D

Thomas Malthus

Markscheme

1.2.7 Price mechanism Questions

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

16 exam-style questions on Edexcel A A Level Economics 1.2.7 Price mechanism. Each one has a worked solution and a mark scheme showing where the marks go.

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