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Weekly Quiz 13
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Question 1 of 1
Drag the correct word or phrase to the right-hand column next to its definition.
- Gross Domestic Product
- Business cycle
- Base price
- Caveat Emptor
The monetary value of all the finished goods and services produced within a country's borders in a specific time period
The cycle of economic expansion and contraction
The most fundamental cost of a good or service to a consumer that does not include common extra fees
The idea that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made; Latin for "let the buyer beware"
Rivalry among sellers to increase profits and market share
Goods or services brought from abroad and offered for sale
A person who purchases goods and services for personal use
The sale of goods to the public in relatively small quantities for personal or household use