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Why do businesses use cost-benefit analysis?
the quality of its goods and services
opportunity cost
government interference
entrepreneurs
factor
the circular flow of economic activity
To decide how much to produce
capital
In a free enterprise economy, competition is allowed to flourish with a minimum of ___.
the quality of its goods and services
opportunity cost
government interference
entrepreneurs
factor
the circular flow of economic activity
To decide how much to produce
capital
A nation's standard of living is a measure of not only the quantity of its products, but also ___.
the quality of its goods and services
opportunity cost
government interference
entrepreneurs
factor
the circular flow of economic activity
To decide how much to produce
capital
Consumers earn their income in ___ markets where productive resources are bough and sold.
the quality of its goods and services
opportunity cost
government interference
entrepreneurs
factor
the circular flow of economic activity
To decide how much to produce
capital
The four sectors, business, consumer, government, and foreign are all part of ____.
the quality of its goods and services
opportunity cost
government interference
entrepreneurs
factor
the circular flow of economic activity
To decide how much to produce
capital
Machines, buildings, and tools used to make others goods and services are ____.
the quality of its goods and services
opportunity cost
government interference
entrepreneurs
factor
the circular flow of economic activity
To decide how much to produce
capital
The income from a full time job that you give up when you go to college is ___.
the quality of its goods and services
opportunity cost
government interference
entrepreneurs
factor
the circular flow of economic activity
To decide how much to produce
capital
The four factors of production are natural resources, labor, capital, and ___.
the quality of its goods and services
opportunity cost
government interference
entrepreneurs
factor
the circular flow of economic activity
To decide how much to produce
capital
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