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The simple circular flow model shows that:

The process of producing and accumulating capital goods is called:

A negative externality or spillover cost occurs when:

Risk is a problem faced:

If products A and B are complements and the price of B decreases, the:

One can say with certainty that equilibrium price will decline when supply:

Suppose that tacos and pizza are substitutes, and that soda and pizza are complements. We would expect an increase in the price of pizza to:

Graphically, producer surplus is measured as the area:

The upward slope of the supply curve reflects the:

A firm can sell as much as it wants at a constant price. Demand is thus: