Econ 350 - Test 1 - Question 1 1.5 out of 1.5 points...

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Question 11.5 out of 1.5 pointsLeonard Read used the production of ______ to explain the work of the invisible hand in the market.
Question 21.5 out of 1.5 pointsFree exchange of goods and services
Question 31.5 out of 1.5 pointsThe principles and policies that flow from God-given rights must be those that provide the greatest material well-being for
Question 41.5 out of 1.5 pointsAdam Smith preferred wars be financed by:
Question 51.5 out of 1.5 pointsWhen deciding what to produce, how to produce and for whom to produce, a free market is more preferable than a central-controlled government because:
Question 61.5 out of 1.5 pointsThe laissez-faire doctrine of the classical economists was based on the belief that _____________ within a suitable institutional framework would lead to the best allocation of resources.

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