Economic Growth Answers

25 verified answers

What happens to earnings in a cooperative?

They are used to pay middlemen for services.

They are shared with member owners.

They are used to buy more stock for members.

They are shared with customers through dividends.

Which is an example of a product that is considered a need?

breakfast food

music player

sports equipment

video game

Which aspect of monopolistic competition gives consumers more choice?

Producers rely on consumer decisions to succeed.

Price is not an important factor.

Few barriers to market entry exist.

Producers are more concerned about selection than profits.

A demand curve shows how changes in

consumer demand affects income.

prices affect the consumer demand. ✓ Correct

prices affect complementary goods.

consumer demand affects substitute goods.

The graph shows a point of equilibrium.What does "Q” represent on the graph?

the point where equilibrium is achieved

the quantity at the equilibrium point

the average cost of goods sold

the point where supply and demand drop

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