The right and privilege to control one's own possessions
a. capitalism
b. private property rights
c. profit motive
d. Consumer sovereignty
Ans: b. private property rights
Economics
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The difference between the value you place on a product and its market price is called
a. Consumer surplus b. Quantity demanded c. Demand d. None of the above
Economics
Many economists believe that the neoclassical theories of human behavior and the insights being accumulated in behavioral economics are basically:
A. Opposed to one another B. Mutually exclusive to one another C. Complementary to one another D. In agreement with one another
Economics