Which situation best represents a market economy?
O A. A factory must switch production from cars to boats due to
government orders.
B. A banker quits his job to work at another bank that offers a higher
salary
C. A father teaches his son a fishing technique passed down for
generations.
D. A government seizes money from wealthy citizens and gives it to
the poor.
Answers: 3
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The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.
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Which of the following is not an example of one of the four mail advantages of prices on a free market economy
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Experts are particularly concerned about four strategic metal resources that are important for the u.s. economy and military strength, and that must be imported. what percentage does the u.s. import? *
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Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.
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Which situation best represents a market economy?
O A. A factory must switch production from cars t...
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