Trade slows down the flow of ideas and technology, preventing nations from learning from each other.
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Q10: On the whole, the private enterprise economy
Q11: Adam Smith's theories are called both laissez-faire
Q12: Consumer demand, product supply, and competition determine
Q13: Markets implement decisions through involuntary exchange.
Q14: Most federal revenues come from the taxes
Q16: The World Trade Organization has the power
Q17: Economics is the study of the production
Q18: Inflation refers to a rising price level
Q19: Keynesian economic theory advocates using fiscal policy,
Q20: The economic system consists of the institutions
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