Economics

In a market economy, businesses are motivated by __________.

A market economy is also known as _______________.

Giving up one thing in exchange for something else...

Which of the following countries have a command economy?

If supply is limited, prices may increase.

The US is this type of economic system.

Which factor of production involves knowledge, skills, and effort?

Productivity can increase a company's profits.

Paying $6.00 for a bottle of water at a football stadium is an example of __________

Competition causes prices to rise.

Which of the following is NOT a characteristic of the US Economic system?

In a command economy, all economic decision are made by _____________

The study of economics on a national level...