Adam Smith Coined the Term "Invisible Hand" to Describe the Process

question 44

Multiple Choice

Adam Smith coined the term "invisible hand" to describe the process by which the actions of independent, self-interested buyers and sellers will:

• A)always lead an economy to ruin.
• B)often lead to the most efficient allocation of resources.
• C)always lead to the most efficient allocation of resources.
• D)often lead to increasing inequality.