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


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.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.