To say that markets are free means that:
A) the invisible hand operates and there is no government intervention.
B) consumers are free to purchase all that they want at the price established by the government.
C) production, distribution, and consumption of goods is free, but government sets minimum wages.
D) everyone produces according to his ability and receives goods and services according to his needs.

Question

Quizplus · Accepted Answer

The concept of free markets is closely associated with the idea of the invisible hand, a term coined by Adam Smith, which suggests that markets operate efficiently with minimal or no government intervention as individuals pursue their own self-interests.

To Say That Markets Are Free Means That