11. Capitalism refers to:
12. There are three fundamental questions every society must answer. Which of the following is one of these questions?
13. In the case of agriculture:
14. The agricultural price support program is an example of
15. If there is a price floor, there will be
16. If there is a price ceiling, there will be
17. If there is a price ceiling, which of the following is NOT likely to occur?
18. The goal of a pure market economy is to best meet the desires of
19. Which of the following is a characteristic of pure monopoly?
20. In pure monopoly, what is the relation between the price and the marginal revenue?
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