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Businesses produce goods and services for citizens, who in turn supply labor and other resources to the businesses.
How much profit will be made
community
true
only given to the needy
true
services
the exchange of money, goods, and services in an economy
true
Which is not true of public goods and services?
How much profit will be made
community
true
only given to the needy
true
services
the exchange of money, goods, and services in an economy
true
A free enterprise economy is a system in which economic decisions are made in markets by consumers and businesses.
How much profit will be made
community
true
only given to the needy
true
services
the exchange of money, goods, and services in an economy
true
Due to scarcity, people cannot have all of the things they want.
How much profit will be made
community
true
only given to the needy
true
services
the exchange of money, goods, and services in an economy
true
work done for others, such as haircuts or car repairs
How much profit will be made
community
true
only given to the needy
true
services
the exchange of money, goods, and services in an economy
true
Which best describes the circular flow of an economy
How much profit will be made
community
true
only given to the needy
true
services
the exchange of money, goods, and services in an economy
true
A place where people live, work, and share
How much profit will be made
community
true
only given to the needy
true
services
the exchange of money, goods, and services in an economy
true
Which is not a basic economic question faced by an economy?
How much profit will be made
community
true
only given to the needy
true
services
the exchange of money, goods, and services in an economy
true
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