The freedom of individuals to start and operate private business in search of profits is known as

A. consumer sovereignty.
B. laissez-faire.
C. centralized decision making.
D. free enterprise.

Answer: D

Economics

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Refer to the figure above. The optimal price charged by the monopolistic competitor is ________

A) P1 B) P2 C) P3 D) P4

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Macroeconomic variables that the Fed cannot control directly but can influence fairly predictably, and which are related to the Fed's goals, are known as

A) instruments. B) tools. C) intermediate targets. D) initial targets.

Economics