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Module Four Assignment: Free Market Economy Score: /30 Directions: In a four to five paragraph essay, you will respond to the prompt provided. Your essay
Module Four Assignment: Free Market Economy Score: /30 Directions: In a four to five paragraph essay, you will respond to the prompt provided. Your essay should include explanations and transitions, and not simply answers to each question. How does Adam Smith's concept of the invisible hand guide people in a free market to be productive members of society? Integrate answers to the questions below in your response. Here are some questions to help you think about the prompt: 1. What are the important forces in a market economy? 2. How does specialization help a society make the best use of its resources? 3. What forces did Smith say must be allowed to work if a market system is to be efficient and effective? 4. What motivates people to provide what others need and want? In a free market, what keeps prices from becoming too high? 5. Why did Smith believe a government policy of laissez-faire was best? Evidence and Quotations: Use specific evidence from your research to support your answer, either short quotes (6-8 words), or paraphrases. To earn credit, you must also explain the meaning in your own words. Quoting is only a first step; you must
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