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Adam Smith Coined the Term "Invisible Hand" to Describe the Process

Question 84

Multiple Choice

Adam Smith coined the term "invisible hand" to describe the process by which:


A) self-interest leads an economy to ruin.
B) self-interest leads to an allocation of goods and services that is relatively efficient.
C) private interests are sacrificed for the benefit of society.
D) the wealthy become richer and the poor become poorer.

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