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Belinda has a business making steel ornamental lawn statues. The machine she uses to join pieces of steel together is considered.....
capital
it will not be made
Engineers are more educated than janitors.
market
factor market
potential opportunity costs
Goods consumers want are oversupplied while goods consumers don't want are undersupplied.
to save for retirement
Which of the following BEST explains why mechanical engineers are paid more than janitors?
capital
it will not be made
Engineers are more educated than janitors.
market
factor market
potential opportunity costs
Goods consumers want are oversupplied while goods consumers don't want are undersupplied.
to save for retirement
Which of the following would consumers MOST OFTEN need to consider when trying to make a rational economic decision?
capital
it will not be made
Engineers are more educated than janitors.
market
factor market
potential opportunity costs
Goods consumers want are oversupplied while goods consumers don't want are undersupplied.
to save for retirement
Which of the following economic systems is BEST at providing incentives to produce?
capital
it will not be made
Engineers are more educated than janitors.
market
factor market
potential opportunity costs
Goods consumers want are oversupplied while goods consumers don't want are undersupplied.
to save for retirement
The market for labor would be considered
capital
it will not be made
Engineers are more educated than janitors.
market
factor market
potential opportunity costs
Goods consumers want are oversupplied while goods consumers don't want are undersupplied.
to save for retirement
Which of the following is a problem MOST often associated with command economies?
capital
it will not be made
Engineers are more educated than janitors.
market
factor market
potential opportunity costs
Goods consumers want are oversupplied while goods consumers don't want are undersupplied.
to save for retirement
Which of the following is an important reason why people need financial investment plans?
capital
it will not be made
Engineers are more educated than janitors.
market
factor market
potential opportunity costs
Goods consumers want are oversupplied while goods consumers don't want are undersupplied.
to save for retirement
In a market economy, if there is NOT A PRICE at which both producers are willing to make an item and consumers are willing to buy the item, then
capital
it will not be made
Engineers are more educated than janitors.
market
factor market
potential opportunity costs
Goods consumers want are oversupplied while goods consumers don't want are undersupplied.
to save for retirement
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