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Each chapter in this book will start with a discussion about current (or sometimes past) events and revisit it at chapter’s end—to “bring home” the Economics Chapter 6 Vocabulary 1 Question: where this occurs, resources slowly shift to other markets where competitive prices previal Answer: price ceiling Question: partial refund of the original price of a product Answer: rebate Question: the minimum wage, the lowest legal price that can be paid to most workers, is an example of this Answer 6. This is an unconditionally Oct 31, 2013 · Political arguments - concerned with protecting the interests of certain groups within a nation (normally producers), often at the expense of other groups (normally consumers) 2. (11) 10. Moral hazard and adverse selection. Economics Chapter 10 Test Review Flashcards | Quizlet Economics test chapter 10 1. 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