Opportunity cost means that something needs to be
John has a large apple orchard. He has decided to bake pies and sell them at the local farmer’s market. Which best describes John’s use of economics?
threefourfivesix
What are the basic types of resources used by producers? Choose three answers.capitallaborvaluescarcityland
In the free-enterprise system of the United States, the government
What might happen if an economy is unable to produce wanted goods and services?
Land is considered a resource because it
The government has the right to own all land, buildings, and factories in a
What are some benefits to private ownership? Select three answers.Private ownership provides offices for government workers.Private ownership provides land or goods for all citizens to use.Private ownership can make it possible for a business to earn money.Private ownership might help a person move to another economic class.Private ownership allows a person to own goods that may increase in value.
A pure market economy is sometimes called pure
What role do government agencies play in a mixed market economy?
Did you find these answers helpful?