Quizzol

QUESTION:

Adam Smith coined the phrase "invisible hand" to suggest that ________.

a. workers should unite and overthrow the capitalist

b. markets work like an invisible hand which reaches into the pockets of consumers and induces them to spend their income

c. the pursuit of self-interest can promote the good of society as a whole

d. we are unable to see how improvements in technology move the economy to higher levels of production

ANSWER:

c. the pursuit of self-interest can promote the good of society as a whole

Posted by Cleveland on August 28, 2024