1)in a market motivates both buyers and sellers.
2)according to adam smith, in a market economy, there need for government intervention because the invisible hand of the marketplace guides the market.
3)the more scarce a resource is, the price will be.
4)the more producers there are of a good in a market, the price will be.
5)in a market economy, resources are allocated the resource.
6)market economies bring for people.
7)market economies provide consumers goods of quality prices.

1) a) the government b) profit c) self-interest d) quality
2) a) complete b) substantial c) some d) little
3) a) more stable b) lower c) more unstable d) higher
4) a) lower b)more stable c) higher d) more unstable
5) a) ability to pay for b) government allocation of c) personal connections to
d) ability to produce
6) a) a freedom b) restrictions c) laws d) government control
7) 1) a) fewer b) more
2) a) lower b) questionable c) government specified d) higher
3) a) stagnant b) higher c) government-set d) lower