In a market economy, those with inherited fortunes or special talents are at an advantage with respect to those who have neither.
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Q3: Economists assume that households act as a
Q4: All consumers are recipients to an equal
Q5: People engage in economic exchanges because no
Q6: When demand is elastic, it means that
Q7: The doctrine of "laissez faire" underlies all
Q9: The government's purchasing power depends on people's
Q10: The American economy is shifting its work
Q11: The study of individual behavior in the
Q12: It is correct to say that the
Q13: The central authorities, as participants in the
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