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An assembly line can increase a factory’s productivity because it allows workers to
what to produce
Consumers are protected from sharp price increases by a monopoly
focus on a specific task
A business trains a new employee.
economic growth.
governmental regulation
rent, wages, interest, and profit
product market
In Georgia, the Public Service Commission regulates the rates charged to customers by GA Power to ensure:
what to produce
Consumers are protected from sharp price increases by a monopoly
focus on a specific task
A business trains a new employee.
economic growth.
governmental regulation
rent, wages, interest, and profit
product market
With which term is a command economic system MOST closely associated?
what to produce
Consumers are protected from sharp price increases by a monopoly
focus on a specific task
A business trains a new employee.
economic growth.
governmental regulation
rent, wages, interest, and profit
product market
When the U.S. government purchases a submarine from a company, the government has made a major transaction in the
what to produce
Consumers are protected from sharp price increases by a monopoly
focus on a specific task
A business trains a new employee.
economic growth.
governmental regulation
rent, wages, interest, and profit
product market
When a country’s businesses invest heavily in new capital goods and new technology, which of the following is most likely to occur?
what to produce
Consumers are protected from sharp price increases by a monopoly
focus on a specific task
A business trains a new employee.
economic growth.
governmental regulation
rent, wages, interest, and profit
product market
A headline reads: Consumers demand new cell phones with greater functionality. What basic economic question is being addressed in this headline?
what to produce
Consumers are protected from sharp price increases by a monopoly
focus on a specific task
A business trains a new employee.
economic growth.
governmental regulation
rent, wages, interest, and profit
product market
Which of the following is an example of an investment in human capital?
what to produce
Consumers are protected from sharp price increases by a monopoly
focus on a specific task
A business trains a new employee.
economic growth.
governmental regulation
rent, wages, interest, and profit
product market
The payments for land, labor, capital, and entrepreneurial ability respectively are
what to produce
Consumers are protected from sharp price increases by a monopoly
focus on a specific task
A business trains a new employee.
economic growth.
governmental regulation
rent, wages, interest, and profit
product market
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