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Tax benefits are an incentive sometimes offered by ____.
pure economy
land, labor, capital, entrepreneurship
investment banks
scarcity
the government
tax-free shopping day
supply and demand
elastic demand
In a market economy, prices and wages are determined by ____.
pure economy
land, labor, capital, entrepreneurship
investment banks
scarcity
the government
tax-free shopping day
supply and demand
elastic demand
The principle that states people must decide which goods and services to use due to limited resources and unlimited wants is known as ____.
pure economy
land, labor, capital, entrepreneurship
investment banks
scarcity
the government
tax-free shopping day
supply and demand
elastic demand
The factors of production include ____.
pure economy
land, labor, capital, entrepreneurship
investment banks
scarcity
the government
tax-free shopping day
supply and demand
elastic demand
Which is not a type of economic system?
pure economy
land, labor, capital, entrepreneurship
investment banks
scarcity
the government
tax-free shopping day
supply and demand
elastic demand
An example of an incentive a business might offer to consumers is a ____.
pure economy
land, labor, capital, entrepreneurship
investment banks
scarcity
the government
tax-free shopping day
supply and demand
elastic demand
Which of the following is NOT a depository institution?
pure economy
land, labor, capital, entrepreneurship
investment banks
scarcity
the government
tax-free shopping day
supply and demand
elastic demand
When demand for a product is affected by price, it is said to have ____.
pure economy
land, labor, capital, entrepreneurship
investment banks
scarcity
the government
tax-free shopping day
supply and demand
elastic demand
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