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Match each term with the correct definition. a. An institution that brings buyers and sellers together (Click to select) Freedom of enterprise Freedom of choice

Match each term with the correct definition. a. An institution that brings buyers and sellers together

(Click to select) Freedom of enterprise Freedom of choice Self-interest Competition Mutually agreeable Private property Market

b. The right of private persons and firms to obtain, control, employ, dispose of, and bequeath land, capital, and other property

(Click to select) Freedom of choice Mutually agreeable Freedom of enterprise Private property Market Self-interest Competition

c. The presence in a market of independent buyers and sellers who compete with one another and who are free to enter and exit the market as they each see fit

(Click to select) Market Competition Freedom of choice Freedom of enterprise Mutually agreeable Private property Self-interest

d. The freedom of firms to obtain economic resources, decide what products to produce with those resources, and sell those products in markets of their choice

(Click to select) Self-interest Mutually agreeable Private property Freedom of enterprise Market Freedom of choice Competition

e. What each individual or firm believes is best for itself and seeks to obtain

(Click to select) Mutually agreeable Freedom of choice Self-interest Competition Market Freedom of enterprise Private property

f. Economic transactions willingly undertaken by both the buyer and the seller because each feels that the transaction will make him or her better off

(Click to select) Competition Self-interest Freedom of enterprise Market Mutually agreeable Freedom of choice Private property

g. The freedom of resource owners to dispose of their resources as they think best; of workers to enter any line of work for which they are qualified; and of consumers to spend their incomes in whatever way they feel is most appropriate

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