Multiple Choice
The most important work of classical economic liberalism is
A) The Wealth of Nations by Adam Smith published in 1776.
B) The General Theory of Employment, Interest and Money by John M. Keynes published in 1937.
C) The Communist Manifesto by Karl Marx published in 1848.
D) Capitalism and Freedom by Milton Friedman published in 1982.
Correct Answer:

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Correct Answer:
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Q2: What do progressive economists mean by the
Q3: Suppose the United States produced $12 trillion
Q4: In early economies, goods were often exchanged
Q5: What is the difference between microeconomics and
Q6: Business cycles<br>A) occur in every type of
Q8: Capitalist economic institutions were fully developed in
Q9: The philosophy of leaving and allowing the
Q10: The Great Depression occurred<br>A) during the 1890s
Q11: An economy in which most output is
Q12: According to Adam Smith, the "invisible hand"