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Which of the following is not required for the invisible hand described by Adam Smith to benefit society? Group of answer choices 1) Property rights
Which of the following is not required for the "invisible hand" described by Adam Smith to benefit society?
Group of answer choices
1) Property rights must be well defined.
2) Both parties to a transaction must care about each other, and want to make the other person happy.
3) Property rights must be clear and enforced by law.
4) Both parties to a transaction must be rational and well informed.
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