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Economists use the term demand to summarize O the activities of profit-oriented businesses. O the behaviour of irrational consumers interacting with government in the marketplace.
Economists use the term demand to summarize O the activities of profit-oriented businesses. O the behaviour of irrational consumers interacting with government in the marketplace. O how changes in price affect consumers' purchasing power. O the influence of factors other than price on the quantity we want to buy. O how the concept of scarcity applies to the world. QUESTION 6 If the same inputs can be used to produce two different outputs, the outputs are O normal goods. O substitutes for consumers. O complements for consumers. O unrelated products for businesses. O related products for businesses. QUESTION 7 To gain from comparative advantage, countries must trade, and must O invest. O do research and development. O specialize. 0 save
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