Multiple Choice
According to Adam Smith, the "invisible hand" refers to which of the following?
A) The "best interests of society (public interest) will occur as an outcome of the market process coordinating the self-interested interactions of buyers and sellers (private interest) .
B) Government interference is the invisible hand of inefficiency.
C) Bribes and graft is the invisible hand of inefficiency.
D) The "best interests of society" will occur as an outcome of careful guidance by government authorities in allocating scarce goods and services.
Correct Answer:

Verified
Correct Answer:
Verified
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