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Economists believe that individuals, governments, and businesses respond to incentives in:
predictable ways
property rights
greater than the marginal cost
tax dollars
scarcity
one company or a few companies dominate a market
economic goals for its society
both parties believe they will be better off
Deeds, business licenses, and copyrights are all examples of:
predictable ways
property rights
greater than the marginal cost
tax dollars
scarcity
one company or a few companies dominate a market
economic goals for its society
both parties believe they will be better off
All governments have:
predictable ways
property rights
greater than the marginal cost
tax dollars
scarcity
one company or a few companies dominate a market
economic goals for its society
both parties believe they will be better off
What is the economic term for the basic condition that exists when unlimited wants are greater than the limited productive resources?
predictable ways
property rights
greater than the marginal cost
tax dollars
scarcity
one company or a few companies dominate a market
economic goals for its society
both parties believe they will be better off
Decisions are considered rational if the marginal benefit is:
predictable ways
property rights
greater than the marginal cost
tax dollars
scarcity
one company or a few companies dominate a market
economic goals for its society
both parties believe they will be better off
When voluntary trade occurs:
predictable ways
property rights
greater than the marginal cost
tax dollars
scarcity
one company or a few companies dominate a market
economic goals for its society
both parties believe they will be better off
Market power exists when:
predictable ways
property rights
greater than the marginal cost
tax dollars
scarcity
one company or a few companies dominate a market
economic goals for its society
both parties believe they will be better off
Public goods are generated from:
predictable ways
property rights
greater than the marginal cost
tax dollars
scarcity
one company or a few companies dominate a market
economic goals for its society
both parties believe they will be better off
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