Scarcity or the invisible hand



Introduction
Select and respond to one of the following options:
Option 1: What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world?
Do these conditions hold in the social service industries?
Option 2: As illustrated in the text, society must make trade-offs in terms of what society produces. Examine these trade-offs in the context of the production
possibilities frontier. Use a social service industry such as healthcare as an example. Make sure to address productive efficiency, allocative efficiency, and
opportunity costs.
APA format
Two scholarly sources needed. One source has to be From chapters 1 or 2 of Principles of Economics 2e link for book is
openstax.org/details/books/principles- economics-2eThe post Scarcity or the invisible hand first appeared on homework crew.

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