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Micro- Quiz 1

Microeconomics Quiz 1- Chapters 1 & 2

QuestionAnswer
A recurring theme in economic is that people: Have unlimited economic wants, but limited resources
What is microeconomics in comparison to macroeconomics? Micro focuses on specific markets and products
In a free market system: The government has little or no dealings/interventions in the market
In a command system, the government: Makes all decisions in the market
Created by: joebouhadana
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