Examlex
A private in the army refuses to fire on the enemy because he recognizes that the soldier in his scope is probably no more than 12 years old.The commander orders the other soldiers to execute him for treason,which they immediately do.Their willingness to shoot a fellow soldier when ordered to do so is BEST predicted by:
Equilibrium Quantity
The quantity of goods supplied is equal to the quantity demanded at a given price level.
Equilibrium Price
The price at which the quantity of a good supplied equals the quantity demanded, resulting in no surplus or shortage in the market.
Zero Economic Profit
A situation where a firm's total revenues exactly equal its total costs, indicating no above-normal profit.
Economist
A professional or expert in economics, studying the production, distribution, and consumption of goods and services.
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