Markets implement decisions through involuntary exchange.
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Q8: A market is any place or arrangement
Q9: The Reagan administration of 1981 was successful
Q10: On the whole, the private enterprise economy
Q11: Adam Smith's theories are called both laissez-faire
Q12: Consumer demand, product supply, and competition determine
Q14: Most federal revenues come from the taxes
Q15: Trade slows down the flow of ideas
Q16: The World Trade Organization has the power
Q17: Economics is the study of the production
Q18: Inflation refers to a rising price level
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