Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Adam Smith's phrase "invisible hand" refers to

A. the subtle and often hidden methods that businesses use to profit at consumers' expense.
B. the ability of free markets to reach desirable outcomes, despite the self-interest of market participants.
C. the ability of government regulation to benefit consumers, even if the consumers are unaware of the regulations.
D. the way in which producers or consumers in unregulated markets impose costs on innocent bystanders


Sagot :

Answer:

B. the ability of free markets to reach desirable outcomes, despite the self interest of market participants.