assume that people are motivated by
A) Human sacrifice
B) Material self-interest
C) Altruism
D) Property rights
Correct Answer:
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Q1: In deciding on how to spend their
Q2: The most common form of economic decentralization
Q3: A society's institutions
A) Include the laws and
Q4: Economists think of products as being in
Q6: Microeconomics
A) Studies individual decision making
B) Studies aggregate
Q7: Which of the following is NOT an
Q8: In a capitalist economy,
A) The state controls
Q9: A _ is an enforceable claim on
Q10: In a free market system
A) There is
Q11: In a communist economy,
A) The state controls
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