1. Instructions:
Please write ONE paragraph (5-10 sentences) on the three questions below (fontsize 12, single-line spacing).
Word limit: Please limit each paragraph answer to between 100 and 200 words (600 words total maximum) (excluding references).
You do not need to provide references.

2. Please answer ALL of the following questions:
Please answer each question in one paragraph.
1. What did Adam Smith mean by the invisible hand?
2. Karl Marx believed that conflict between classes was inevitable. Why?
3. What was the nature of the debate between Friedrich Hayek and John Keynes?

3. Grade
The maximum grade for the assignment will be 100 points.
This assignment will constitute 20 (twenty) percent of your overall grade.

4. Plagiarism
At a minimum, you will fail this course if you are found guilty of plagiarism.