A market economy rewards people according to their ability to produce things that other people are willing to pay for.
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Q18: Equity means that everyone in the economy
Q19: A higher price on a good is
Q20: When the government redistributes income from the
Q21: If each person pursues their own self-interest
Q22: Inflation in an economy is primarily caused
Q22: Inflation increases the value of money.
Q24: A monopolist has limited market power.
Q25: If the government prints too much money,
Q27: The two broad reasons for a government
Q28: Protecting domestic jobs from foreign competition is
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