Scarcity creates competition for resources,and forces trade-offs on the part of every participant in the economy.
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Q10: The demand curve will shift to the
Q11: Deflation is an economic condition in which
Q12: In practice,no economy is truly a free-market
Q14: Capitalism is a term used to describe
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Q16: Global economists use the terms capitalism and
Q17: Macroeconomics studies economic behavior among consumers,businesses,and industries
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