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Which one of the following statements are correct? I-The socialism system is the precursor to feudalism II- The invisible hand doctrine suggests that total economic

Which one of the following statements are correct?

I-The socialism system is the precursor to feudalism

II- The invisible hand doctrine suggests that total economic surplus of society is maximized

III- The government tax break given when buying an electric car is an example of indicative planning

IV- A statement that involves priorities and value judgments is generally regarded as a normative statement

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