![]() Dark matter and dark energy have both been postulated by astrophysicists GMAT Reading Comprehension.To remain financially sound, health insurance companies must charge GMAT Reading Comprehension.Suggested GMAT Reading Comprehension Samples Candidates can prepare them in an active way by practising GMAT Reading Comprehension Practice Questions. GMAT Reading Comprehension questions are composed to measure the skills of the candidate in comprehending ideas or basic concepts. The passage is followed by three comprehension questions in this area of GMAT Reading Comprehension. ![]() The candidates need to have a precise concept of English GMAT reading comprehension. “Eighteenth-century economist Adam Smith introduced the invisible hand” is a GMAT reading comprehension passage with sets of answers. The general equilibrium theory presents an optimistic view of self-correction that has not been borne out by actual economic conditions-a defect that calls into question Smith’s antecedent hypotheses. ![]() The dubious belief that markets actively move toward an equilibrium has been used by proponents of deregulation, who insist that removing government interventions promotes economic strength, and the presumption of its accuracy has prevented some leaders and economists from identifying critical signs of impending crises. Although academic economists have demonstrated that an optimal equilibrium of supply and demand exists, the guiding influence of Smith’s invisible hand in moving markets toward such a balance has not been shown. ![]() Subsequent theorists expanded Smith’s idea to form the “general equilibrium theory,” in which invisible market forces guided the interaction of supply and demand toward a natural balance as individuals act in their own interest and firms pursue the goal of maximizing profit.ĭespite the ubiquity of this model in both popular and scholarly thinking, there is no evidence for its truth. Eighteenth-century economist Adam Smith introduced the “invisible hand” as a metaphor for the societal results of individuals’ self-interested actions. ![]()
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