Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 1 - Part I - Ten Principles of Economics - Quick Check Multiple Choice: 4

Answer

Adam Smith's "invisible hand" refers to: b.) the ability of free markets to reach desirable outcomes, despite the self-interest of market participants.

Work Step by Step

The "invisible hand" uses prices to guide the decisions of participants.
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