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�建 Microsoft Word �档

�建 Microsoft Word �档 - C HAP TER 3 1...

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CHAPTER 3 1. The goals of the consumer in a market economy is to buy: A) The greatest number of goods and services possible. B) The goods and services that maximize profits for businesses. C) The combination of goods and services which maximizes their utility given a limited budget. D) Those goods and services with the lowest prices. 2. The goal of the supplier of a product or service in a market economy is: 3. A market in which final goods and services are exchanged is a: 4. A market in which land, labor, capital or entrepreneurship is exchanged is a: 5. The invisible hand explains: A) The trial-and-error process by which a market reaches equilibrium. B) Determination of prices in a command economy. C) The appearance of persistent shortages. D) The market mechanism by which individual demand curves are added together to make up market demand. 6. Ceteris paribus means: A) Holding everything else constant.
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