The Two Words Economists Use Most Often Are

question 3

Multiple Choice

The two words economists use most often are

• A)inflation and trade.
• B)supply and demand.
• C)competition and prices.
• D)markets and equilibrium.

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Definitions:

Restatement (Third) of Torts

A legal publication by the American Law Institute providing a comprehensive overview of the modern American law of torts.

Restatement (Second)

A collection of model legal rules and principles that aims to simplify and clarify the law, often referring specifically to American law.

Products Liability

The area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.

Express Warranty

An explicit guarantee by a seller to a buyer that a product or service meets certain quality and performance standards.