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

question 84

Multiple Choice

Adam Smith coined the term "invisible hand" to describe the process by which:

• A)self-interest leads an economy to ruin.
• B)self-interest leads to an allocation of goods and services that is relatively efficient.
• C)private interests are sacrificed for the benefit of society.
• D)the wealthy become richer and the poor become poorer.

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Definitions:

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