menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Modern Principles Microeconomics
  4. Exam
    Exam 7: The Price System
  5. Question
    Explain What Adam Smith Meant When He Said That the Market
Solved

Explain What Adam Smith Meant When He Said That the Market

Question 259

Question 259

Essay

Explain what Adam Smith meant when he said that the market operates as if "an invisible hand" is guiding the process.

Correct Answer:

verifed

Verified

He meant that through the information de...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q254: Based on economist Richard Roll's work, the

Q255: In general, central planning has:<br>A) been the

Q256: When the price of oil rises, consumers

Q257: Suppose there was no "great economic problem."

Q258: A future is a standardized contract to

Q260: Increasing prices act as a signal to:<br>A)

Q261: Asphalt is the refined residue from crude

Q262: The true cost of a good is

Q263: A United States. manufacturer arranges to purchase

Q264: The demand curve above the equilibrium point

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines