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Fill the blank with the bank of word provided Sheet1 Sheet2 Sheet3 ECN 1050, Word Bank -- Test #1 1) allocati 33) market 2) barter

Fill the blank with the bank of word provided

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Sheet1 Sheet2 Sheet3 ECN 1050, Word Bank -- Test #1 1) allocati 33) market 2) barter 34) marginal 3) beneficial 35) Marx, Karl 4) best 36) material wealth 5) China 37) means 6) choices 38) minimize 7) command 39) model(s) 8) cost(s) 40) money 9) distributive 41) mutual/mutually 10) dollar(s) 42) owner(s) 11) double coincidence 43) price/prices 12) efficient 44) Principles of Macroeconomics 13) equal 45) private property 14) for whom 46) profit(s) 15) freedom 47) quantify 16) Galbraith, John Maynard 48) resources 17) good/service 49) revenue 18) government 50) service/good 19) great/greater/greatest 51) scarce 20) how 52) self/self-interest 21) How a Capitalist System Works 53) share 22) incentive(s) 54) skills, talents, strengths 23) income 55) Smith, Adam 24) individuals 56) Soviet Union/USSR 25) information 57) specialization 26) inefficient(ly) 58) The Wealth of Nations 27) insatiable 59) trade 28) Japan 60) tradition 29) keep 61) transition 30) Keynes, John Maynard 62) unlimited 31) law(s) 63) utility 32) learning by doing 64) whatU Question 8 10.5 pts Three basic models of economic organization are (use the order in which they were coveredin the lecture notes} A) , B) and C) . The type of economic organization that is of most interest to economists is D) . Economists are most interested in this type of system because the way it works is not as obvious as is the other two. The way this system works was rst successfully explained by E) in his great book F) . which was published in the year G) (mm the year, dam ': Look on the word bank)

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