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fill the blank with the word bank provided Sheet1 Sheet2 Sheet3 ECN 1050, Word Bank -- Test #1 1) allocati 33) market 2) barter 34)

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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) whatQuestion 11 10.5 pts The term private property has two implications: 1} You get to A) what you have produced, and 2} B) . rather than the government or society at-large. own the resources. Implication #1, above, is true in a hypothetical sense But from a practical perspective, you don't get to take those Widgets that you spent all day producing back home with you. That's because you already form an agreement with the C) of the company to surrender what you have produced in return for a given amount of D) . This saves both of you the inconvenience and expense of constantly going to the spot E} everytime there is an opportunity for the rm to create a F) or G)

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