- What mechanism guides the invisible hand?
A.
B. Trust
C. External Costs
D. Market Failure
What forces business firms to be as efficient as possible so they can charge the lowest price?
A. Property Rights
B. Externalities
C. Competition
D. Capitalism
Capitalism is based on:
A. Command-and control Regulations
B. Trust
C. Market Failure
D. Government Intervention
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The invisible hand is a term that Scottish moral thinker and political financial expert Adam Smith (1723-1790) used to portraying the accidental social advantages of individual activities.
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