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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
potential opportunity costs
unemployment
profit
to save for retirement
Engineers are more educated than janitors.
capital
market
it will not be made
Belinda has a business making steel ornamental lawn statues. The machine she uses to join pieces of steel together is considered.....
potential opportunity costs
unemployment
profit
to save for retirement
Engineers are more educated than janitors.
capital
market
it will not be made
Which of the following BEST explains why mechanical engineers are paid more than janitors?
potential opportunity costs
unemployment
profit
to save for retirement
Engineers are more educated than janitors.
capital
market
it will not be made
Which of the following economic systems is BEST at providing incentives to produce?
potential opportunity costs
unemployment
profit
to save for retirement
Engineers are more educated than janitors.
capital
market
it will not be made
Which of the following would consumers MOST OFTEN need to consider when trying to make a rational economic decision?
potential opportunity costs
unemployment
profit
to save for retirement
Engineers are more educated than janitors.
capital
market
it will not be made
Which of the following is considered a negative side effect of a minimum wage?
potential opportunity costs
unemployment
profit
to save for retirement
Engineers are more educated than janitors.
capital
market
it will not be made
Which of the following is an important reason why people need financial investment plans?
potential opportunity costs
unemployment
profit
to save for retirement
Engineers are more educated than janitors.
capital
market
it will not be made
In a market economy, what is the PRIMARY motivation for producers to sell their products at a price consumers can afford?
potential opportunity costs
unemployment
profit
to save for retirement
Engineers are more educated than janitors.
capital
market
it will not be made
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