Adam Smith's invisible hand is now called
A)Economic growth.
B)The market mechanism.
C)Opportunity cost.
D)Laissez faire.

Name: Adam Smith's invisible hand is now called A)Economic growth. B)The market mechanism. C)Opportunity cost. D)Laissez faire.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

The term "invisible hand" is associated with Adam Smith's idea that market forces naturally guide individual self-interest towards the common good. This mechanism is now commonly referred to as the "market mechanism."

Adam Smith's Invisible Hand Is Now Called