Multiple Choice
Consumers express self-interest when they:
A) reduce business losses.
B) collect economic profits.
C) seek the lowest price for the product.
D) search for jobs with the highest wage
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Consumer sovereignty means that legislation now protects
Q104: Freedom of enterprise is defined as:<br>A)the freedom
Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q106: Producing goods and services is:<br>A)risky.<br>B)risk free.<br>C)always profitable.<br>D)rarely
Q107: Which is assumed to be most limited
Q108: The market system is characterized by:<br>A)extensive government
Q110: In market economies, profit primarily depends on
Q111: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q113: In the simple circular flow model businesses
Q114: Which condition will encourage competition?<br>A)government licensing requirements