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Directions:In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.The mainstream liberal economic theory, which _________ that the 'invisible hand of the market' will necessarily guarantee the rational and __________ allocation of resources within society, has been called into question in recent decades by proponents of ecological economics. Undermining the very __________ upon which the classical theory rests, those who have challenged it point to endemic market failures rooted in externalities, the costs or benefits of economic transactions that are not reflected in the price mechanism. The existence of unaccounted-for externalities, these critics say, prevents markets from realizing their functions _________. In effect, many of the __________ outcomes of economic activity can be attributed to such hidden costs.Q. prevents markets from realizing their functions _________.a)badlyb)optimallyc)reallyd)somehowCorrect answer is option 'B'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about Directions:In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.The mainstream liberal economic theory, which _________ that the 'invisible hand of the market' will necessarily guarantee the rational and __________ allocation of resources within society, has been called into question in recent decades by proponents of ecological economics. Undermining the very __________ upon which the classical theory rests, those who have challenged it point to endemic market failures rooted in externalities, the costs or benefits of economic transactions that are not reflected in the price mechanism. The existence of unaccounted-for externalities, these critics say, prevents markets from realizing their functions _________. In effect, many of the __________ outcomes of economic activity can be attributed to such hidden costs.Q. prevents markets from realizing their functions _________.a)badlyb)optimallyc)reallyd)somehowCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions:In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.The mainstream liberal economic theory, which _________ that the 'invisible hand of the market' will necessarily guarantee the rational and __________ allocation of resources within society, has been called into question in recent decades by proponents of ecological economics. Undermining the very __________ upon which the classical theory rests, those who have challenged it point to endemic market failures rooted in externalities, the costs or benefits of economic transactions that are not reflected in the price mechanism. The existence of unaccounted-for externalities, these critics say, prevents markets from realizing their functions _________. In effect, many of the __________ outcomes of economic activity can be attributed to such hidden costs.Q. prevents markets from realizing their functions _________.a)badlyb)optimallyc)reallyd)somehowCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Directions:In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.The mainstream liberal economic theory, which _________ that the 'invisible hand of the market' will necessarily guarantee the rational and __________ allocation of resources within society, has been called into question in recent decades by proponents of ecological economics. Undermining the very __________ upon which the classical theory rests, those who have challenged it point to endemic market failures rooted in externalities, the costs or benefits of economic transactions that are not reflected in the price mechanism. The existence of unaccounted-for externalities, these critics say, prevents markets from realizing their functions _________. In effect, many of the __________ outcomes of economic activity can be attributed to such hidden costs.Q. prevents markets from realizing their functions _________.a)badlyb)optimallyc)reallyd)somehowCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for SSC. Download more important topics, notes, lectures and mock test series for SSC Exam by signing up for free.

Here you can find the meaning of Directions:In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.The mainstream liberal economic theory, which _________ that the 'invisible hand of the market' will necessarily guarantee the rational and __________ allocation of resources within society, has been called into question in recent decades by proponents of ecological economics. Undermining the very __________ upon which the classical theory rests, those who have challenged it point to endemic market failures rooted in externalities, the costs or benefits of economic transactions that are not reflected in the price mechanism. The existence of unaccounted-for externalities, these critics say, prevents markets from realizing their functions _________. In effect, many of the __________ outcomes of economic activity can be attributed to such hidden costs.Q. prevents markets from realizing their functions _________.a)badlyb)optimallyc)reallyd)somehowCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions:In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.The mainstream liberal economic theory, which _________ that the 'invisible hand of the market' will necessarily guarantee the rational and __________ allocation of resources within society, has been called into question in recent decades by proponents of ecological economics. Undermining the very __________ upon which the classical theory rests, those who have challenged it point to endemic market failures rooted in externalities, the costs or benefits of economic transactions that are not reflected in the price mechanism. The existence of unaccounted-for externalities, these critics say, prevents markets from realizing their functions _________. In effect, many of the __________ outcomes of economic activity can be attributed to such hidden costs.Q. prevents markets from realizing their functions _________.a)badlyb)optimallyc)reallyd)somehowCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Directions:In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.The mainstream liberal economic theory, which _________ that the 'invisible hand of the market' will necessarily guarantee the rational and __________ allocation of resources within society, has been called into question in recent decades by proponents of ecological economics. Undermining the very __________ upon which the classical theory rests, those who have challenged it point to endemic market failures rooted in externalities, the costs or benefits of economic transactions that are not reflected in the price mechanism. The existence of unaccounted-for externalities, these critics say, prevents markets from realizing their functions _________. In effect, many of the __________ outcomes of economic activity can be attributed to such hidden costs.Q. prevents markets from realizing their functions _________.a)badlyb)optimallyc)reallyd)somehowCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions:In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.The mainstream liberal economic theory, which _________ that the 'invisible hand of the market' will necessarily guarantee the rational and __________ allocation of resources within society, has been called into question in recent decades by proponents of ecological economics. Undermining the very __________ upon which the classical theory rests, those who have challenged it point to endemic market failures rooted in externalities, the costs or benefits of economic transactions that are not reflected in the price mechanism. The existence of unaccounted-for externalities, these critics say, prevents markets from realizing their functions _________. In effect, many of the __________ outcomes of economic activity can be attributed to such hidden costs.Q. prevents markets from realizing their functions _________.a)badlyb)optimallyc)reallyd)somehowCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions:In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.The mainstream liberal economic theory, which _________ that the 'invisible hand of the market' will necessarily guarantee the rational and __________ allocation of resources within society, has been called into question in recent decades by proponents of ecological economics. Undermining the very __________ upon which the classical theory rests, those who have challenged it point to endemic market failures rooted in externalities, the costs or benefits of economic transactions that are not reflected in the price mechanism. The existence of unaccounted-for externalities, these critics say, prevents markets from realizing their functions _________. In effect, many of the __________ outcomes of economic activity can be attributed to such hidden costs.Q. prevents markets from realizing their functions _________.a)badlyb)optimallyc)reallyd)somehowCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice SSC tests.