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Economics
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The invisible hand refers to:

a. how central planners made economic decisions

b. how the decisions of households and firms lead to desirable market outcomes

c. the control that large firms have over the economy

d. government regulations without which the economy would be less efficient 

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Yusra Anees
Yusra AneesLv10
5 Mar 2021

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Related questions

Which of the following statements does not apply to a market economy?
a. Firms decide whom to hire and what to produce.
b. Households decide which firms to work for and what to buy with their incomes.
c. The "invisible hand" usually maximizes the well-being of society as a whole.
d. Government policies are the primary forces that guide the decisions of firms and households.

Adam smiths, "invisible hand" refers to:

a. The subtle and often hidden methods that businesses use to profit at consumer's 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 consumers are unaware of the regulations. 

d. How producers or consumers in unregulated markets impose costs on innocent bystanders. 

Adam Smith's "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-interests of the market partcipants.

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 market impose costs on innocent bystanders.

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