According to Adam Smith's invisible hand principle, productive actions that promote the general welfare of society will be undertaken when
A) political representatives are elected democratically.
B) competitive markets direct the actions of self-interested individuals.
C) the selfish instincts of individuals are controlled.
D) workers are able to organize and develop strong unions.

Question

Quizplus · Accepted Answer

Adam Smith's invisible hand principle suggests that when individuals act in their own self-interest within competitive markets, their actions can lead to positive outcomes for society as a whole, as if guided by an "invisible hand."

According to Adam Smith's Invisible Hand Principle, Productive Actions That