Capitalism is the foundation of the U.S.economic system.
Level of Learning 1: Knowledge of key terms
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Q21: Large educated populations can contribute to an
Q22: Adam Smith believed that incentives to seek
Q23: Thomas Malthus believed that people in most
Q24: A free-market economic system is one in
Q25: At the equilibrium price,the quantity consumers desire
Q27: Adam Smith believed that since businesspeople are
Q28: As indicated by the Making Ethical Decisions
Q29: Under capitalism,the government prohibits people and businesses
Q30: Under the basic principle of supply,as the
Q31: Adapting to changes in demand is easy
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