Choose the correct answer from the options provided

1.People respond to (incentives altruism) which induce them to(morality virtue action)

2.Specialization and trade(decreases; does not change;increases)productivity.

3.Trade (decreases; does not change; increases) peoples choices and (decreases; does not change; increases) costs.

4.A market is a group of( workers Consumers buyers) AND (producers; sellers; companies)

5.Markets are usually a (fair goodunjust)way to organize economic activity.

6.Markets(waste; allocate) resources.

7.The Most significant attribute of a good or service in a market economy is (supply; demand; quantity; price.)

8.Prices are determined from the actions of (governments; buyers; workers)and {~=sellers ~producers ~households}.

9.Markets are (more;less;equally)efficient when compared to central planning.

10.Decisions in a market economy are (centralized; decentralized)

11.Governments(always; can sometimes; never)improve market outcomes.

12.In a functioning market economy, a principal role of government is to enforce (property rights; fairness; social justice)

13.Enforcement of (rules; fairness; social justice)is key to a market economy.

14.Government can theoretically promote efficiency by correcting market (failures; information;fairness)

15.A country's standard of living depends on its ability to (produce; consume; fairly distribute)goods and services.