The metaphor used to describe the working of the price system to achieve efficiency in a free market is
A)Occam's razor.
B)the prisoner's dilemma.
C)the invisible hand.
D)the benefit principle.

Question

Quizplus · Accepted Answer

The metaphor used to describe the working of the price system to achieve efficiency in a free market is "the invisible hand." This refers to the idea that individual self-interest in a market economy can lead to outcomes that benefit society as a whole, without the need for centralized planning or control. The metaphor comes from Adam Smith's book "The Wealth of Nations."

The Metaphor Used to Describe the Working of the Price