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Which of the Following Statements Is True

Question 38

Multiple Choice

Which of the following statements is true?


A) The doctrine of laissez-faire advocates an economic system with extensive government intervention and little individual decision-making.
B) In capitalism income is distributed on the basis of need.
C) Adam Smith was the father of socialism.
D) Most real-world economies are mixed economic systems.
E) The "invisible hand" refers to government economic control.

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