IBS Quiz #1

2. This type of economy allocates resources freely based on interactions between economic agents.
5. Principle #1: ____ people think at the margin.
7. All other things equal.
10. This type of economy allocates resources based on government decisions.
11. Economic ____ are a simplified view of the world.
12. ____ analysis is concerned with what ought to be.
13. 效率(n.)
14. Microeconomics is the study of the individual households and ____ and how they interact.
15. 公平(n.)

1. Economic agents will try to maximize their u___.
3. Principle #3: People face ____.
4. ____ hand describes how everybody appear to behave as one when acting in their own self interest.
6. Most countries are this type of economy.
8. The science that exists in our daily life.
9. Principle #2: People respond to ____.