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How does a bear market impact the U.S. economy?
Supply and demand drive economic decisions in a free enterprise system.
Businesses determine what to produce based on demand.
Tradition dictates how decisions are made in an Amish community.
Consumers will spend less money and save more.
Government provides an equal standard of living for everyone.
competition
Competition in the marketplace is increased
government provided services
When Wendy's was successful at selling salads in its restaurants, McDonald's started to sell salads, too. This is an example of:
Supply and demand drive economic decisions in a free enterprise system.
Businesses determine what to produce based on demand.
Tradition dictates how decisions are made in an Amish community.
Consumers will spend less money and save more.
Government provides an equal standard of living for everyone.
competition
Competition in the marketplace is increased
government provided services
Compare the way economic decisions are made in an Amish community with the way they are made in Cuba.
Supply and demand drive economic decisions in a free enterprise system.
Businesses determine what to produce based on demand.
Tradition dictates how decisions are made in an Amish community.
Consumers will spend less money and save more.
Government provides an equal standard of living for everyone.
competition
Competition in the marketplace is increased
government provided services
How does e-commerce impact the U.S. economy
Supply and demand drive economic decisions in a free enterprise system.
Businesses determine what to produce based on demand.
Tradition dictates how decisions are made in an Amish community.
Consumers will spend less money and save more.
Government provides an equal standard of living for everyone.
competition
Competition in the marketplace is increased
government provided services
What is a difference between a traditional economy and a free enterprise system?
Supply and demand drive economic decisions in a free enterprise system.
Businesses determine what to produce based on demand.
Tradition dictates how decisions are made in an Amish community.
Consumers will spend less money and save more.
Government provides an equal standard of living for everyone.
competition
Competition in the marketplace is increased
government provided services
What is a characteristic of a command economy compared with other types of economic systems?
Supply and demand drive economic decisions in a free enterprise system.
Businesses determine what to produce based on demand.
Tradition dictates how decisions are made in an Amish community.
Consumers will spend less money and save more.
Government provides an equal standard of living for everyone.
competition
Competition in the marketplace is increased
government provided services
What is an advantage of the market portion of the United States economic system?
Supply and demand drive economic decisions in a free enterprise system.
Businesses determine what to produce based on demand.
Tradition dictates how decisions are made in an Amish community.
Consumers will spend less money and save more.
Government provides an equal standard of living for everyone.
competition
Competition in the marketplace is increased
government provided services
In the United States economy, interstate highways, public water systems, and Medicare are all classified as:
Supply and demand drive economic decisions in a free enterprise system.
Businesses determine what to produce based on demand.
Tradition dictates how decisions are made in an Amish community.
Consumers will spend less money and save more.
Government provides an equal standard of living for everyone.
competition
Competition in the marketplace is increased
government provided services
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