5/23/2017Review Test Submission: Test 1 – 201730 Summer 2017 ECON...…5/6allocation of resources.
Question 24The “hand” that leads the individual selfseeker “to promote an end whtich was not part ofhis intention” is called
Question 25Adam Smith preferred wars be financed by:
Question 26Free exchange of goods and services
Question 27Leonard Read used the production of ______ to explain the work of the invisible hand inthe market.
Question 28Classical economistsFavored the conduct of economic activity through market processes rather
Question 29Prior to the industrial revolution, in the feudal system, many decisions about production anddistribution were made by
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