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    Principles of Economics Study Set 8
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    Exam 1: Ten Principles of Economics
  5. Question
    Economists Use the Term ______ to Refer to a Situation
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Economists Use the Term ______ to Refer to a Situation

Question 159

Question 159

Short Answer

Economists use the term ______ to refer to a situation in which the market on its own fails to produce an efficient allocation of resources.

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