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When countries utilize specialization:
productivity increases
income redistribution
a negative externality
a positive externality
is crucial for a country's government
a command economy
the marginal cost
trust between the consumers and producers
Not getting sick since others are vaccinated... is an example of:
productivity increases
income redistribution
a negative externality
a positive externality
is crucial for a country's government
a command economy
the marginal cost
trust between the consumers and producers
Avoiding an action because the cost is too high... is known as:
productivity increases
income redistribution
a negative externality
a positive externality
is crucial for a country's government
a command economy
the marginal cost
trust between the consumers and producers
An economic system works well when there is:
productivity increases
income redistribution
a negative externality
a positive externality
is crucial for a country's government
a command economy
the marginal cost
trust between the consumers and producers
Setting economic goals:
productivity increases
income redistribution
a negative externality
a positive externality
is crucial for a country's government
a command economy
the marginal cost
trust between the consumers and producers
An additional amount of effort, expense, or time incurred from undertaking an action... is called:
productivity increases
income redistribution
a negative externality
a positive externality
is crucial for a country's government
a command economy
the marginal cost
trust between the consumers and producers
All economic questions are answered by the central government in:
productivity increases
income redistribution
a negative externality
a positive externality
is crucial for a country's government
a command economy
the marginal cost
trust between the consumers and producers
Social Security and unemployment benefits are two examples of:
productivity increases
income redistribution
a negative externality
a positive externality
is crucial for a country's government
a command economy
the marginal cost
trust between the consumers and producers
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