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    Macroeconomics Study Set 2
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    Exam 5: A Closed-Economy One-Period Macroeconomic Model
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    Much of the Writings of Adam Smith Are in Close
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Much of the Writings of Adam Smith Are in Close

Question 2

Question 2

Multiple Choice

Much of the writings of Adam Smith are in close agreement with


A) the necessity of trade restrictions.
B) the first fundamental theorem of welfare economics.
C) the second theorem of welfare economics.
D) both B and C above.

Correct Answer:

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