Complete the Following Using the Terms Listed Below

question 123

Multiple Choice

Complete the following using the terms listed below:
-A(n) _____ is characterized by relatively few sellers and barriers to entry due to high start-up costs.

• A)Consumer Price Index (CPI)
• B)inflation
• C)gross domestic product (GDP)
• D)fiscal policy
• E)monetary policy
• F)equilibrium price
• G)budget deficit
• H)pure competition
• I)supply
• J)demand
• K)productivity
• L)recession
• M)microeconomics
• N)oligopoly
• O)monopoly

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Definitions:

Personality Factors

The underlying traits or characteristics that consistently influence a person's behavior and attitudes.

Environment

Encompasses the surrounding conditions and factors that affect the living and non-living elements of an individual's or organism's life.

Behavior

The actions or reactions of a person or animal in response to external or internal stimuli.

Trait

A characteristic way of thinking, feeling, or behaving that is consistent over time and across situations.