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Producers take the money they earn from selling products and use it to buy the things they want and need. This describes a ________________ economy
free market
All of the answers
True
True
consumer demand at a given price.
None of the answers
equilibrium
None of the answers
_______________ polices involve increasing spending and cutting taxes.
free market
All of the answers
True
True
consumer demand at a given price.
None of the answers
equilibrium
None of the answers
Price in the market is determined by _________________.
free market
All of the answers
True
True
consumer demand at a given price.
None of the answers
equilibrium
None of the answers
In free market economies, the people own most of the factors of production.
free market
All of the answers
True
True
consumer demand at a given price.
None of the answers
equilibrium
None of the answers
Any intersection of points inside the line (to the left of the line) on a production possibilities graph shows that the economy is not growing.
free market
All of the answers
True
True
consumer demand at a given price.
None of the answers
equilibrium
None of the answers
When a market is in _________________ , the quantity demanded and the quantity supplied is equal.
free market
All of the answers
True
True
consumer demand at a given price.
None of the answers
equilibrium
None of the answers
Which of the following protects Americans economic rights?
free market
All of the answers
True
True
consumer demand at a given price.
None of the answers
equilibrium
None of the answers
_________________is important because we can not provide all that we need to survive on our own.
free market
All of the answers
True
True
consumer demand at a given price.
None of the answers
equilibrium
None of the answers
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