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.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: According to Adam Smith's invisible hand doctrine:<br>A)
Q20: Which of the following statements is not
Q21: In spite of limited free market reforms,
Q22: Which of the following is a common
Q23: What is the difference between socialism and
Q25: Which of the following societies is the
Q26: A strength of the market economy is
Q27: Describe the differences between capitalism and socialism.
Q28: Socialism is correctly described by which of
Q29: In a market economy, buyers and sellers