The \"invisible hand\" is. a. used to describe the welfare systenin the UnitedSt

Question

The "invisible hand" is. a. used to describe the welfare systenin the UnitedStates. b. a concept developed by adam smith to describe the virtuesof free markets c. a concept used by J.M. Keynes to describe the role ofgovernment in guiding the allocation of resources in theeconomy. d. a term used by some economists to characterize the role ofgovernment in an economy-- inevitable bu invisible. The "invisible hand" is. a. used to describe the welfare systenin the UnitedStates. b. a concept developed by adam smith to describe the virtuesof free markets c. a concept used by J.M. Keynes to describe the role ofgovernment in guiding the allocation of resources in theeconomy. d. a term used by some economists to characterize the role ofgovernment in an economy-- inevitable bu invisible.

Explanation / Answer

B. a concept developed by Adam SMith to describe the virtues offree markets.

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