7. Which phrase below best completes the following ideas? Wide variety of goods and services. High consumer satisfaction. Economic Freedom.*

A Benefits of a Free Enterprise System

B Ways in Which the Government Aids the Elderly

C Advantages of Communism

D Benefits of Socialism

8. The market structure of pure competition is distinctive because *

A only one seller is needed in this market structure

B examples of this type of market structure are difficult to find

C the sellers in this market structure have no control over price

D there are large number of barriers to entry into this market structure

9. Which of the following is a demand determinant?*

A consumer income

B subsidies

C cost of inputs

D government regulations